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.

Fri, 16 May, 2008 - 15:02

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.

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CourtsBusinessHeathrowPlace: UKPlace: HalifaxPerson: GordonPerson: Alex DeGrootePerson: RightmoveOrganisation: RightmoveOrganisation: HalifaxOrganisation: of ScotlandOrganisation: HBOSOrganisation: Royal & Sun AllianceOrganisation: CountrywideOrganisation: Connells
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