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Parkman has been named preferred bidder for Liverpool City Council's 10 year £100M partnership contract covering a range of services including property management, highway management and urban regeneration work.

Troubled nuclear generator British Energy this week wiped £3.6bn off the value of its power stations, posting a pretax loss of £4.3bn. In its preliminary results for 2002-03 the generator warned that even after slashing the value of its assets, it may be unable to sell them to save it from bankruptcy. The taxpayer could be landed with the cost of winding the company up, on top of the £2.1bn liabilities management bill taken on by the government last November.

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