HBOS takeover sparks FTSE bounce back

Lloyds TSB’s £12.2bn (€15.3bn) rescue of HBOS sparked a shares bounce back on the FTSE 100 Index today after three straight days of losses.

HBOS takeover sparks FTSE bounce back
Thu, 18 Sep, 2008 - 11:54

Lloyds TSB’s £12.2bn (€15.3bn) rescue of HBOS sparked a shares bounce back on the FTSE 100 Index today after three straight days of losses.

The Footsie rose 1.7% by mid-morning, clawing back from three-year lows seen in the wake of the Lehman Brothers’ bankruptcy.

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