Pms Backing Boosts Hbos and Lloyds

Summary


SHARES in both HBOS and Lloyds TSB rose today after Prime Minister Gordon Brown once again threw his weight behind their [pounds]20 billion merger.

HBOS shares rose 5.2p to 127.6p and Lloyds gained 9 1/2 p to 263p. But that still leaves a huge 35% gap between the value of the Lloyds TSB all-share offer, which is worth 196.5p, and the HBOS share price.

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Extract


Pms Backing Boosts Hbos and Lloyds

In effect, Lloyds TSB is va...

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