Abbey National Plc.

News & Analysis

abbey national plc. and hbos plc. - All News and Analysis

• MARKET NEWS

  - 2008-07-30

  GOING UP... Mortgage lenders have added insult to injury - rising rates have been compounded by a 20 per cent leap in application fees over the last 12 months, according to the mortgage search website mform.co.uk. Fees - and their increases - vary widely: the average charge for...

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• Abbey shareholders expected to approve Banco Santander bid.

  - 2004-10-14

  Evening Standard, London Knight Ridder/Tribune Business News Oct. 14--Abbey National's army of 1.7 million private shareholders were today expected to give their overwhelming support for its [pounds sterling]8.9 billion takeover by Spain's Banco Santander Central Hispano, writes Nick Goodway. ...

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• Abbey National punters may find gain in Spain.

  - 2004-10-09

  Daily Mail, London Knight Ridder/Tribune Business News Oct. 9--Abbey National's 1.8m shareholders must choose whether to go Spanish. As they vote next Thursday on the UKpound 9 billion takeover bid from Banco Santander, hopes of a counterbid have faded. So...

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• HBOS focus on rebuilding after battle for Abbey; James Crosby's

  - 2004-09-19

  JAMES Crosby, chief executive of HBOS, is putting a brave face on his decision to withdraw from any plan to acquire Abbey National, his biggest rival in the UK mortgage market. After six weeks of keeping the financial world on tenterhooks, Yorkshire-bred Crosby and his board finally...

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• Spanish in the clear as HBOS decides against bid for Abbey

  - 2004-09-16

  HBOS, THE UK's fifth largest bank, surprised the City yesterday when it announced it would not be making a bid for Abbey National, walking away from what its chief executive, James Crosby, recently described as a "once in a generation opportunity". The move seemingly leaves the path...

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• WORLD MARKETS: Europe

  - 2004-09-16

  STOCKS LOST ground as the car and food and drink sectors retreated, while banks remained a hot topic after HBOS backed away from a bid for Abbey National. Investors were hesitant with an oil price near three- week highs. The French Cac-40 was 0.4 per cent lower; the German Dax...

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• OUTLOOK: Crosby makes the tough but wise decision

  - 2004-09-16

  KNOWING WHEN to back off is as much the mark of a top drawer chief executive as the determination and vision needed to push through controversial strategies and acquisitions, so James Crosby shouldn't be criticised too much for the decision to pull out of the bidding for Abbey National. Much...

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• HBOS abandons Abbey takeover ambitions, clears way for SCH

  - 2004-09-15

  LONDON AFP — HBOS said it had decided against bidding for the British mortgage bank Abbey National, clearing the way for an agreed offer from Spain's Banco Santander Central Hispano SCH. In a brief statement, HBOS said it believed the "shareholder value inherent in its existing prospects is superior...

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• SCH set to buy Abbey as HBOS drops out, EU gives all clear

  - 2004-09-15

  LONDON AFP — Spain's Banco Santander Central Hispano SCH moved closer to winning control of the British mortgage bank Abbey National after HBOS backed away from a rival bid and European Union regulators gave SCH the green light. SCH said in a statement Brussels had granted "unconditional clearance" for...

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• Evening Standard, London, market report column.

  - 2004-09-13

  By Tom Nicholls, Evening Standard, London Knight Ridder/Tribune Business News Sep. 13--HOUSE OF FRASER DIVES AS KEY INVESTORS DUMP 21 percent OF STOCK: Icelandic investment group Baugur and Scottish entrepreneur Tom Hunter dumped their holdings in House of Fraser today, sending shares...

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