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HBOS considering £4bn rights issue

HBOS is believed to be considering a rights issue in a bid to raise up to £4bn of capital.

This comes after Royal Bank of Scotland Group confirmed plans to raise £12bn through a rights issue.

Bank of England governor Mervyn King signalled last week that he expected more banks to follow.

HBOS is due to report on current trading at its annual meeting in Glasgow tomorrow.

The group has a core equity Tier 1 capital ratio of 5.7 per cent. While this is above the regulatory requirements, analysts have pointed out it will have one of the lowest ratios in the sector following RBS’s rights issue.


Persimmon halts new starts

Housebuilder Persimmon has postponed starting work on its scheduled new sites after it revealed a slump of 18 per cent in sales volumes this year.

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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