Thursday, Jul 17, 2008
Putting on a brave face - but will any shareholders actually take B&B up on the offer?
Telegraph: Bradford & Bingley gets cash call go-ahead
B&B has 930,000 small shareholders in total and faced pressure from the handful of those who attended the meeting. Just 56 shareholders attended the early morning meeting at the Sheffield Arena, which has the capacity to hold over 12,000 people. Standard Life, one of the major shareholders backing the new rights issue, told the meeting it was "clearly disappointing" that shareholders had been called in to help the bank.
Posted by paul @ 05:09 PM (376 views) Add Comment
5 Comments
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1. plato said...
Standard Life ? Of the famous Endowment policies? Now there's a good recommendation if ever I heard one.
You couldn't make it up,could you?
The shareholders must be overflowing with confidence.
2. Whostolemyendowment said...
Damn right plato......Standard Life, the FSA and the Financial Ombudsman are all covering each others @sses. I hope these guys burn in hell!
3. Fjcruiser said...
bad management has once more saved themselves.........for how long?
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