Tuesday, Sep 18, 2007
Northern Rock’s largest shareholders have been selling shares fast in the past two days. Baillie Gifford, the Scottish fund management partnership, is understood to have sold most, if not all, of its 6 per cent holding in the bank, realising a loss of up
FT.com: Rock’s biggest shareholder heads for exit
Baillie Gifford, formerly Northern Rock’s largest shareholder, made the sale at some time in the past two days, according to people close to the group. The move took place during unusually high daily trading volumes in Northern Rock of more than 242m shares on Friday and 277m on Monday.
Posted by chris @ 09:10 PM (159 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.