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Wednesday's news and tips

Published January 7, 2009, 8:48 am, Investors Chronicle

■ High Street giant Marks & Spencer said it plans to cut 1,230 jobs as it announced a 7.1% drop in UK like-for-like sales. ( IC COMMENT ) ■ Sub-prime lender Cattles is to slash 1,000 jobs and drastically reduce the amount of new business it writes this year to conserve its cash.

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