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HBOS’ share price plunges 32%

HBOS’ share price has fallen a whopping 32% to 190p in early morning trading in the wake US investment giant Lehman Brothers filing for bankruptcy.

Other UK banking giants have been similarly hit by the resulting loss in market confidence, with Royal Bank of Scotland sliding 12% to 203p per share, Barclays 14% to 299p per share and Bradford & Bingley 13% to 32p per share.

Lloyds TSB and HSBC faired slightly better, falling 7% and 4% respectively.

The FTSE 100 index has overall plunged by 5%.


HBOS and Lloyds in rumoured merger talks

It has been reported by the BBC that HBOS and Lloyds TSB are in merger talks.Shares in HBOS have dropped by as much as 200p since markets closed on Friday but have rallied this morning rising to 190p at time of writing.Shares in Lloyds have fluctuated wildly this morning rising as high as 297p before […]

Rural prices beat urban values

The latest annual Halifax rural housing review has revealed the average house price in rural areas of the UK is 15% higher than in urban areas. Rural area prices average £235,324 compared with the urban figure of £204,290.

Pink boss calls for FSA regulation

Neil Hoare, associate director of marketing and IT at Pink Home Loans, is calling on the Financial Services Authority to regulate secured loans. He says: “Pink has always held a strong view that the sector is becoming more regulated and that the secured loans industry should be a part of the advice process.”


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