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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CourtsBusinessHeathrowPlace: LondonPlace: USPerson: prime ministerPerson: Gordon BrownPerson: Steny HoyerPerson: David BuikOrganisation: HBOSOrganisation: Halifax Bank of ScotlandOrganisation: Lloyds TSBOrganisation: ScotlandOrganisation: Lloyds’Organisation: LloydsOrganisation: BarclaysOrganisation: First DirectOrganisation: HSBCOrganisation: Royal Bank of ScotlandOrganisation: Wall StreetOrganisation: SenateOrganisation: House DemocratsOrganisation: House of RepresentativesOrganisation: Credit SuisseOrganisation: AvivaOrganisation: L&GOrganisation: M&GOrganisation: Standard LifeOrganisation: BGC PartnersOrganisation: Bank of England
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