Companies
HBOS shares up on BBVA takeover rumours
By Henry Tyler
Font Scale: 
Posted 23 July 2008 @ 11:52 am GMT
HBOS saw its shares rise early on Wednesday after rumours of a possible bid from Spanish bank BBVA.
HBOS profit up 3 percent as retail margins hitShares in HBOS were up 12.5 per cent on the FTSE by 10:05 am, while BBVA saw its share values rise 3.4 per cent on the DJ Stoxx.
Neither BBVA or HBOS have commented on the speculation.
On Monday it was announced that HBOS's recent rights issue received only minimal interest with just over eight per cent of shares being bought up by investors.
This article is copyrighted by the International Business Times.
Most Popular Stories
Top Stories on Companies
|
|
