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.

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.

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