Monday, June 2, 2008

Down She Goes!

B&B shares plummet despite private equity rescue

Shares in Bradford & Bingley (B&B), the UK's biggest buy-to-let mortgage lender, fell more than 30 per cent this morning as it announced a profits warning and confirmed that TPG, one of the world’s biggest private equity firms, is to take a 23 per cent stake in the group.

Posted by jonathan @ 12:11 PM (392 views)
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