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HBOS sells stake in Rightmove

HBOS has sold its entire stake in property website Rightmove for £59.2 million.

It announced last week the sale of 16.2m Rightmove shares at 365p each through UBS and Numis.

The bank previously held 20 per cent of the firm when it floated on the London stock market in 2006. It sold 11m shares last year.


Twin-track strategy for Moneyextra

Moneyextra is to develop itself as an information hub, lead generator and wealth management tool for advisers and brokers to complement its consumer offering.

Risk and reward

There are very few products which pay a tax-free income of 8 per cent a year without a great deal of risk.

C&G to increase rates by 0.25%

Cheltenham & Gloucester is to withdraw its entire range of mortgage products at end of play today, increasing rates by 0.25 per cent.


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