Financial Times FT.com

B&B rights retreat stuns City

By Jane Croft, Peter Thal Larsen, Kate Burgess and Martin Arnold

Published: June 2 2008 08:46 | Last updated: June 3 2008 00:13

Bradford & Bingley sent shockwaves through the banking sector on Monday when it took the extraordinary step of renegotiating its £300m rights issue amid concerns it would face a “fight with the underwriters” if it tried to force the offering through on its original terms.

Video: UK Daily View

Jane Croft

Jane Croft says B&B investors are angry

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