Bank shares soar in the UK over takeover hopes

Halifax Bank of Scotland’s shares surged ahead today amid a revival in confidence over its rescue takeover by Lloyds TSB.

Bank shares soar in the UK over takeover hopes
Wed, 01 Oct, 2008 - 14:39

Halifax Bank of Scotland’s shares surged ahead today amid a revival in confidence over its rescue takeover by Lloyds TSB.

HBOS was more than 31% higher after a slump yesterday triggered fears that the deal could have to be repriced to gain the green light from Lloyds’ investors.

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CourtsBusinessBank guarantee schemePlace: UKPlace: USPerson: prime ministerPerson: Gordon BrownPerson: David BuikOrganisation: Halifax Bank of ScotlandOrganisation: Lloyds TSBOrganisation: HBOSOrganisation: Lloyds’Organisation: Bank of EnglandOrganisation: Credit SuisseOrganisation: BarclaysOrganisation: AvivaOrganisation: L&GOrganisation: M&GOrganisation: Standard LifeOrganisation: BGC Partners
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