BMW dropped 4 per cent after it was announced that Rover's chief executive Walter Hasselkus would be sacked, and that a further pounds 2bn would be invested in the loss-making Rover group. Deutsche Bank, which announced the DM1bn acquisition of Credit Lyonnais' Belgian operation on Tuesday, fell 4 per cent.
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GERMAN SHARES slumped yesterday, in line with other European exchanges, with BMW and Deutsche Bank leading the way. The DAX Index finished the day down 1.4 per cent at 4,712.