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Lloyds/HBOS must go through – intermediaries say

Mortgage and investment intermediaries believe the Lloyds TSB HBoS deal will go ahead despite stock market concerns about the deal. But brokers want to see an end to the continuing uncertainty.

London & Country head of communications David Hollingworth says: “You don’t know what is going to happen next. Just when you think something is resolved you get hit by another rumour. If it doesn’t go through we would have very severe doubts about the UK’s biggest lender. I think it will go through. If there are any glitches they will be ironed out. There is too much riding on it.”

Savills head of media relations Melanie Bien says: “It has got to go through. It is a concern that with a done deal, there is now a question mark over it. This is not doing anyone any favours.”

Hargreaves Lansdown investment manager Ben Yearsley says: “It will probably go ahead. It is 50:50 whether they renegotiate the deal though and Lloyds TSB has the upper hand.”


Leading Edge – April 2017

There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]


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