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Anorak | How the BBC Affected The Forunes Of HBOS And Lloyds TSB

How the BBC Affected The Forunes Of HBOS And Lloyds TSB

by | 17th, September 2008

HBOS PLC, owners of the Halifax, and Lloyds TSB PLC are said toi be in advanced talks about a merger. We know this because the British Broadcasting Corp. says so.

Neither company would comment on what they called “market speculation.” BBC business editor Robert Peston said that the talks were “very advanced” and could be wrapped up this week.

A scoop? If so, a scoop in the financial markets that has not been confirmed. Which makes it a rumour. And rumours in the City can create problems, and fortunes.

Sentiment towards the stock lifted after the BBC reported on its Website that the troubled U.K. mortgage lender is in advanced talks to merge with Lloyds TSB.

You can read the City code on Take Overs here .

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Posted: 17th, September 2008 | In: Money, TV & Radio Comments (6) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink