HBOS shares surge on back of takeover buzz

Shares in Halifax Bank of Scotland closed 21% higher on London's FTSE index tonight amid hopes a rescue takeover by Lloyds TSB will go ahead as planned.

HBOS shares surge on back of takeover buzz
Wed, 01 Oct, 2008 - 18:27

Shares in Halifax Bank of Scotland closed 21% higher on London's FTSE index tonight amid hopes a rescue takeover by Lloyds TSB will go ahead as planned.

HBOS slumped 14% yesterday after fears the takeover deal could have to be repriced to satisfy Lloyds’ investors.

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