P507 Teletext 507 Oct27 21:11:10       ——————  ———————————————————  ISLAM BANK BUYS SOUTH STAFFORDSHIRE The First Islamic Bank has bought water company South Staffordshire in an agreed £142.6m cash deal. The Bahrain-based company is paying 1120p per share, a premium of 27% to the closing price of October 18, the day before Staffordshire said it was in offer talks. Other businesses bought by First Islamic since it was set up in 1996 include aircraft and fashion. ——————————————————————————————————————— South Staffs share price check 519 CELEBRITY GOSSIP p617 Next news Shares Markets TV Guide