Heritage Financial is the holding company of HeritageBank of the South the Bank. The main business of the Bank consists of accepting retail and commercial...
LONDON (Reuters UK) - Shares in lender HBOS HBOS rose more than 12 percent on Wednesday, lifted by market talk of bid interest from Spanish rival BBVA BBVA and a broad recovery across the financial sector, traders said. "There is a suggestion BBVA may be looking...
LONDON (Reuters UK) - HBOS HBOS shares rose more than 12 percent on Wednesday on market talk of bid interest from Spanish rival BBVA BBVA, traders said. At 10:05 a.m., HBOS was up 12.5 percent, topping gainers on the FTSE , which was up 1.9 percent....
By Steve Slater LONDON (Reuters UK) - An emergency fund-raising by HBOS HBOS, Britain's biggest home lender, flopped as investors took just 8.3 percent of the shares, leaving underwriters trying to sell almost 3.8 billion pounds of shares that are currently under water. The two...
LONDON (Reuters UK) - HBOS HBOS could cut as many as 650 jobs as it sets up a single business to serve small and medium-sized enterprises, stepping up efforts to compete in a sector dominated by four larger domestic rivals. HBOS plans to merge its business...
By Steve Slater LONDON (Reuters) - An emergency fundraising by HBOS HBOS, Britain's biggest home lender, flopped as investors took just 8.3 percent of the shares, leaving underwriters trying to sell almost 3.8 billion pounds ($7.57 billion) of stock. HBOS, the...
LONDON (Reuters UK) - As few as 10 percent of HBOS HBOS shareholders have signed up to a 4 billion pound fundraising by the British bank, newspapers said on Sunday, without citing sources. The Sunday Times and Sunday Telegraph said the low take up, due...
By Steve Slater LONDON (Reuters) - Investors in Britain's biggest home lender HBOS HBOS subscribed for just 8.3 percent of shares in its 4 billion pound ($8 billion) rights issue, leaving underwriters to try to sell almost 3.8 billion pounds of stock. HBOS,...
LONDON (Reuters UK) - Sterling slid versus the dollar and euro on Monday as more bad news on the financial sector and housing market deepened Britain's economic gloom. British bank HBOS HBOS said shareholders subscribed for just 8.3 percent of shares in its rights issue, leaving...
Phil Davis submits: All right, nothing blew up this weekend and BAC had good earnings - looks like fun! Bank of America BAC beat by a mile with .72 in EARNINGS vs. .53 expected on revenues of $20Bn vs. $18Bn expected and, of course, miles and miles ahead...
By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) - A raft of concerns about the state of the global economy, corporate earnings and the banking system sent European shares lower on Monday, shrugging off large gains in Asia. The dollar was slightly weaker...
By Clara Ferreira-Marques SHEFFIELD (Reuters UK) - Bradford & Bingley BB won investor backing for its critical 400 million pound rights issue rescue on Thursday, but not before executives were quizzed on the troubled fundraising and the bank's future. Shareholders had been expected to vote in...
By Dan Lalor LONDON (Reuters UK) - The slump in the housing market, with prices falling at a faster pace than during the 1990s downturn, could cost up to 100,000 jobs, according to an industry body. "The housebuilding industry has a huge multiplier effect on employment...
LONDON (Reuters UK) - City Lofts has been forced to place 250 unsold apartments into receivership in light of Britain's housing slump, a spokesman for the privately owned urban apartment developer said on Tuesday. The spokesman declined to specify how much of the overall business...
By Dan Lalor LONDON (Reuters UK) - Barratt Developments BDEV will cut nearly a fifth of its workforce to cope with the housing market downturn, joining other builders taking similar measures, and will not pay a final dividend for 2007-08. Barratt also said with its house...
By Clara Ferreira-Marques LONDON (Reuters UK) - Shares in troubled bank Bradford & Bingley BB accelerated their losses on Tuesday, hitting a fresh low amid concerns over its outlook even after an enlarged 400 million pound cash call. At 9:12 a.m., stock in the largest buy-to-let...
By Clara Ferreira-Marques LONDON (Reuters) - Shares in troubled British bank Bradford & Bingley Plc BB accelerated their losses on Tuesday, hitting a fresh low amid concerns over its outlook even after an enlarged 400 million pound ($789 million) cash call. At 0812...
By Michael Taylor LONDON (Reuters UK) - The main share index gained 1.6 percent on Wednesday as bank shares rose, led by HBOS HBOS, while lower U.S. crude prices pulled oil firms down but eased inflation concerns. The FTSE 100 ended up 85.8 points at...
By Steve Slater LONDON (Reuters) - Bradford & Bingley BB plans to increase its rights issue to 400 million pounds ($794 million) after U.S. private equity firm TPG Capital pulled out of a plan to buy a stake, sending its shares lower. TPG...
By Sitaraman Shankar LONDON (Reuters UK) - European shares were higher midday on Monday, led by oil stocks tracking higher crude prices and by HSBC HSBA, which gained on a report that a Chinese sovereign wealth fund might be interested in buying a stake. At 11:54...
By Steve Slater LONDON (Reuters UK) - Entrepreneur Clive Cowdery scrapped his plan to inject 400 million pounds into Bradford & Bingley BB on Friday, saying the lender's refusal to open its books made a deal impossible. B&B's shares tumbled 21 percent to close at 63.25...
