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Just Retirement is going on the road over the next few months. This seminar is in London.
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Losses reported at B&B
29 August, 2008
Bradford & Bingley has reported a loss of £26.7 million in the six months to 30 June.
The lender made a £180.4 million profit in the same period last year and recently completed a £400 million rights issue to improve its balance sheet.
Credit impairment charges accounted for much of the loss, rising to £74.6 million for the six months, up from £5.3 million in the same period last year. This was the result of the number of mortgages in arrears for three months or more.
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