Business news for Thu, 29 Nov 2007 & with words leicester+shares. 3 news.

Shares in Alliance & Leicester jumped as it revealed impairment charges that were lower than many had feared, while rival Bradford & Bingley also rose after it said it would meet profits forecasts

Alliance & Leicester shares rallied this morning after revealing that its fall-out from the credit crunch had been limited to a ?55m profit writedown and the prospect of slower growth in 2008.

Shares in Alliance & Leicester, the UK mortgage bank dogged by worries about its exposure to the credit crunch, jumped 13 per cent this morning despite its warning that operating profits will be lower than forecast this year.