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Northern Rock hit hard as takeover hopes fade

Investors slashed another £95.6m from the stock market worth of Northern Rock yesterday as hopes of a takeover faded � yet the crisis-hit mortgage lender remained determined to pay stakeholders a dividend.

Investors slashed another £95.6m from the stock market worth of Northern Rock yesterday as hopes of a takeover faded - yet the crisis-hit mortgage lender remained determined to pay stakeholders a dividend.