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HBoS rights issue pressure



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Published Date: 24 June 2008
THE £4 billion rights issue set to be voted on by HBoS shareholders this week came under pressure again today as shares dropped below the issue asking price.
The drop followed a number of investors revealing that they had 'shorted' the banking giant's shares – betting that they would fall in value.

The short-sellers were forced to reveal their hand under new rules launched by the Financial Services Authority, the UK's financial watchdog.

Among the leaders was Harbinger Capital, the US hedge fund.





The full article contains 87 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 24 June 2008 11:09 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Halifax Bank of Scotland
 
 

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