FTSE up slightly

Higher commodity prices helped the London market recover some early losses today but HBOS remained in the red after the poor take up of its £4bn (€5bn) rights issue.

FTSE up slightly
Mon, 21 Jul, 2008 - 12:32

Higher commodity prices helped the London market recover some early losses today but HBOS remained in the red after the poor take up of its £4bn (€5bn) rights issue.

The cash call's underwriters began the task of trying to offload more than £3.6bn (€4.5bn) of rights issue stock, helping to depress the price by more than 2%.

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