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UPDATE 1-Private equity among bidders for Friends unit-source
LONDON, May 23 (Reuters) - A number of private equity (PE) companies are among the bidders for Lombard, the high-end insurance arm of Britain's Friends Provident (FP.L:
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Higher debt and weaker consumers to hurt retailers
LONDON (Reuters) - Retailers are in danger of becoming one of the leading victims of the credit crisis, with the cost of insuring their debt against default on the rise due to their exposure to heavily indebted consumers.