Gilts Gilt future prices jumped as worry about the global banking system drove a flight to government bonds as a haven. They were also helped by the prospect of an interest-rate cut on Thursday. The December gilt future rose £1.58 to £114.09, pushing yields on the ten-year government bond down by 17 basis points to 4.22 per cent. Rumour of the day C&C, the Irish maker of Magners cider, down 19 cents to €1.55, reports interim results on Thursday and is likely to show a further loss of market share to Bulmers with a gloomy outlook. Dresdner Kleinwort said that, with cashflow dwindling and €30 million of debt repayment due this year and next, it will have to halve its dividend to placate banks. Deal of the day Stephen Oliver, a director of Marston’s, the brewer and pub group, revealed a 10,000 share purchase on Friday at 140p,...
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