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| they only made a profit due to a another huge tax rebate, so not quite out of the woods yet | |
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No true, it accounted for 480m of the figure, the main thing was that cut in their cost base - around 1.2b in the quarter, holding that level for 2010 will reduce their cost base by about 5b which will give them some breathing space, even allowing for a further net outflow....
Jim