BREAKFAST DEALS: Santander faux pas

Comments from Santander's boss sow confusion on NAB's UK strategy, while an announcement on Billabong's takeover talks is imminent.

Utterances from a leading Spanish banking executive have thrown up some big hiccups for investors hoping National Australia Bank investors will be able to get out of the UK. Billabong International suitors should know their destiny within the next day or so. Elsewhere, consolidation talk is back for the dairy processing industry, the market is wondering where the property all went and our only shining all-scrip deal has been dealt a blow.

National Australia Bank, Santander, Clydesdale Bank, Yorkshire Bank

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