Santander linked to £3bn UK listing

Spanish bank Santander is considering a plan to list its UK operations on the London stock market this autumn in a move that could raise as much as £3bn (€3.6bn) to fund growth, it was reported today.

The group is thought to want to float 20% of Santander UK, the subsidiary formed by the roll-up of its recent acquisitions such as Abbey, Alliance & Leicester and parts of Bradford & Bingley, the Financial Times said.