Lukewarm response to Abbey National takeover news

The London market switched into reverse gear today as investors failed to warm to the proposed takeover of banking group Abbey National.

Lukewarm response to Abbey National takeover news
Mon, 26 Jul, 2004 - 12:26

The London market switched into reverse gear today as investors failed to warm to the proposed takeover of banking group Abbey National.

A string of banking stocks were in the red after Abbey said it had accepted an offer worth around £8.5bn (€12.9bn) from Spanish bank Banco Santander Central Hispano.

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