Ben Perry
Ben Perry works from UK. Financial journalist @AFP, tweets mostly a mix of finance and football Ben Perry has over 226 followers on Twitter.
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/ 14 September 2007

UK bank hit by credit problems

Shares in British bank Northern Rock plunged by a quarter on Friday as clients rushed to withdraw their savings following an emergency bail-out of the lender by the Bank of England. The central bank came to the rescue of Britain’s fifth-biggest home-loan provider, which is facing severe difficulties raising cash on money markets amid the ongoing global credit squeeze.

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/ 20 August 2007

Global stocks rally, but turmoil not over

World stock markets roared higher on Monday after last week’s slump, but analysts warned of further turmoil for share prices owing to lingering concerns about borrowers’ failure to repay United States home loans. The London and Paris main indices jumped by about 1% in morning trade after Tokyo’s market closed up 3%.

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/ 17 July 2006

Airbus to reveal new A350 plane design

European group Airbus will on Monday unveil new design plans for its troubled long-haul A350 plane, Thomas Enders, co-chief executive of Airbus’s parent company EADS, told reporters. The cost of developing the mid-sized jet could meanwhile more than double to about $10-billion, added the German boss.

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/ 16 July 2004

Blair still haunted by Kelly suicide fallout

A year after the death of government weapons scientist David Kelly and two Iraq inquiries later, British Prime Minister Tony Blair is struggling to convince the public that his decision to oust Saddam Hussein by military means was right. The fallout for Blair from Kelly’s suicide has been immense.