UK: Halifax sells stake in Rightmove
There were fresh signs of faltering confidence in the housing market in UK today after Halifax Bank of Scotland sold its 13% stake in property website Rightmove.
HBOS – the group’s second biggest shareholder – gained £59.2m (€74.5m) from the sale of its 16.2 million shares at 364p, nearly 10p below Rightmove’s market price.