Bradford & Bingley plunge 25%

Bradford & Bingley shares plunged to fresh lows today amid mounting fears that the stock is worthless.

Bradford & Bingley plunge 25%
Tue, 08 Jul, 2008 - 11:51

Bradford & Bingley shares plunged to fresh lows today amid mounting fears that the stock is worthless.

The UK buy-to-let lender saw shares drop 25% at one stage to just 30p – almost half the 55p rights issue price offered to shareholders under its cash-call.

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