Tuesday, June 12, 2007

U.K. Bank Stocks Fall, Paced by HBOS; Land Securities, ICI Shares Gain

(Bloomberg) -- U.K. bank stocks declined after HBOS
Plc said its share of the British mortgage market will fall by
half. Northern Rock Plc and Alliance & Leicester Plc dropped.

Land Securities Plc and Great Portland Estates Plc rose as
analysts recommended investors buy the property stocks. Imperial
Chemical Industries Plc and Scottish & Newcastle Plc climbed
after brokerages said the companies may be takeover targets.


Read more at Bloomberg Stocks News

No comments: