B&B sees share price plunge to 16p

Beleaguered buy-to-let specialist Bradford & Bingley saw its share price plunge to an all-time low of 16.75p in early morning trading today.

The share price plunge comes on the back of B&B’s announcement yesterday that it was axing up to 370 jobs.

At time of writing its share price has regained some ground and is currently hovering at 18.75p.