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Hospice has millions in Iceland

10th October 2008

A hospice in Winchester that provides long-term care for terminally ill children and their families has been affected by the financial crisis hitting Icelandic banks.

Naomi House has £5.7m invested in one of the banks, Kaupthing Singer and Friedlander. Despite the problems the hospice, which needs £2.5m every year to provide 24-hour care, has said it would still open its new £12m hospice for over 18s, but would be "stretched". It is in contact with the government to clarify whether the sum deposited with the bank is protected.

 

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