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| April 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Investment analysts reduced the share price of Canary Wharf Group plc by 20% recently when they discovered that one of their favourite property development companies had negotiated secret deals allowing some of their tenants to exercise put options; in effect, giving them the right to hand back surplus property. ...

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