HBOS quashes Prudential rumours

Halifax and Bank of Scotland group HBOS today moved quickly to quash speculation linking it to an approach for insurance giant Prudential.

Amid rumours that HBOS was casting an eye over the Pru, the Edinburgh-based group told the London Stock Exchange that it had not considered – and had no intention of considering – a move for the £9bn (€13bn) insurer.