Northern Rock shares fall again
Published September 19th, 2007
Shares in troubled bank Northern Rock fell heavily on Wednesday, reversing earlier gains amid uncertainty over the group’s future after two major shareholders cut their holdings.
Fellow banks HBOS and Lloyds TSB do not intend to bid for Northern Rock, Thomson Financial News reported Wednesday quoting sources familiar with the situation.
Shares in the bailed-out mortgage lender tumbled 8.82 percent to 279 pence in late morning deals after earlier touching as low as 246.25 pence.
Share This Article by Email or Social Web
Related Articles
