Barclays and Lg Build Up Holdings in Rock ; Banking

Evening Standard - London › October 04, 2007

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Summary

IT'S not just hedge funds that are betting on Northern Rock being taken over -- Barclays Global Investors and Legal General have this week upped their stakes in the troubled bank.

Barclays, already the second-largest investor after RAB Capital, added 338,000 shares to lift its stake to 5.81%, worth about Pounds 37 million. LG added 2.3 million shares,upping its holding to 4.05% or Pounds 25 million.

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Barclays and Lg Build Up Holdings in Rock ; Banking

Two more hedge funds have emerged on the register alo...

See the full content of this document