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HBOS’ stock rises by 40%

HBOS’ share price surged by a whopping 40% to 242p per share in early morning trading as UK banking stocks across the board surged.

At 11am this morning Royal Bank of Scotland was up by 46% to 237p per share, Bradford & Bingley was up 36% to 34p per share, Barclays was up 32% to 399p and Lloyds TSB was up by 35% to 322p.

Insurers also saw their stock rise, with Prudential’s rocketing by 21% to 592p, Friends Provident by 20% to 102p and Legal & General’s rising 17% to 102p per share.


Lament for fading building societies

For some time it’s been clear that 2008 will go down as one of the most turbulent years in financial services history. Nevertheless, the fall of Lehman Brothers, the last-minute sale of Merrill Lynch and HBOS’ demise still came as a shock.

Why we all need to back the housing underdog

The UK loves an underdog. There is something irresistible about the story of the little guy standing up to the established players and leaving them with a bloody nose, whether it is Henry Cooper putting Muhammad Ali on the mat or the Wallabies trouncing the Kiwis in rugby. At the Conservative Party conference, LendInvest championed […]


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