July 21: Just 8.3% take up HBOS shares

Name: July 21: Just 8.3% take up HBOS shares
Uploaded: 2008-07-21T10:39:04.000Z
Duration: PTNaNMNaNS
Channel: Financial Times
Description: Jane Croft on why the share subscription was so weak

HBOS has announced today that only 8.29 per cent of shareholders have subscribed to its Â£4bn rights issue. Jane Croft, retail banking correspondent, talks to Daniel Garrahan about why the numbers are so low, whether underwriters are likely to find many other buyers and the outlook for HBOS.

July 21, 2008