Bradford & Bingley drags down FTSE

The London market endured a turbulent start to the week today as bank shares came under pressure following a profits warning from lender Bradford & Bingley.

Bradford & Bingley drags down FTSE
Mon, 02 Jun, 2008 - 18:49

The London market endured a turbulent start to the week today as bank shares came under pressure following a profits warning from lender Bradford & Bingley.

The buy-to-let specialist’s shares fell 24% as a gloomy trading update was accompanied by a restructuring of its fundraising plans and the sale of a 23% stake to a private equity buyer.

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CourtsBusinessHeathrowPlace: LondonPlace: UKPlace: USPlace: RussiaOrganisation: Bradford & BingleyOrganisation: FTSEOrganisation: BradfordOrganisation: BingleyOrganisation: HBOSOrganisation: RBSOrganisation: Alliance & LeicesterOrganisation: Texas PacificOrganisation: Johnston PressOrganisation: Imperial TobaccoOrganisation: Tullow OilOrganisation: Morgan StanleyOrganisation: British EnergyOrganisation: IberdrolaOrganisation: Imperial EnergyOrganisation: PartyGamingOrganisation: US Department of JusticeOrganisation: CompassOrganisation: Rio TintoOrganisation: London Stock ExchangeOrganisation: FirstGroup
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