Bradford And Bingley Takeover Rumours
Bradford & Bingley shares rallied on the stock market Monday morning on speculation that the troubled lender could be taken over, despite analysts urging investors to shun the company.
Shares in B&B soared by 17% in early trading before settling around 8% higher at 30p, a 2.25p rise.
The jump came on the back of a strong rally on Friday, and followed reports that three foreign banks – Santander, ING and NAB – could step in to acquire B&B.
Shares in B&B soared by 17% in early trading before settling around 8% higher at 30p, a 2.25p rise.
The jump came on the back of a strong rally on Friday, and followed reports that three foreign banks – Santander, ING and NAB – could step in to acquire B&B.