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Murray hurries for new bid after Leek failure


Shares in Murray Financial have plunged 50 per cent since it failed in its carpetbagging bid for Leek United.

But even though shares fell from 13p to 7.5p after Murray resumed trading on the Alternative Investment Market, it said it is still planning to bid for another society.

Murray Financial officially dropped its bid for Leek on Monday, following the rejection of its £30.5m hostile bid earlier this month.

A Murray Financial spokesman says: “We will be targeting a society with a more amenable board and whose members are more geographically distributed.”


B&B group fights bank plans

An anti-demutualisation lobby group is trying to unite Bradford & Bingley staff to stop the building society from becoming a bank.Save Our Building Society is hoping it can bring 3,000 B&B staff together in support of seven pro-mutual resolutions. The resolutions will be presented at the societies annual general meeting in April next year.SOBS co-ordinator […]

Halifax mortgage share static

Halifax has failed to increase its share in the mortgage market in the last six months of this year.The has bank announced its market share is set to hold steady at 7 per cent net and 15 per cent gross for the last half of this year. This is similar to figures for the first […]

Widows widens windfall net

Hundreds more policyholders at Scottish Widows will receive pay-outs under proposed amendments to windfall rules.Customers with policies maturing between June 22 1999 and March 3 2000 and second-hand traded endowment policyholders who previously were going to lose out are now set to receive the windfall.The amendments are part of the proposals package 1.5m policy-holders will […]

Isa survey reveals investment ignorance

Most Isa customers don&#39t realise they can put their investments into other countries, according to Legal & General.According to its recent survey 89 per cent of the 677 potential Isa investors who responded said they were not aware Isas were allowed to investment in worldwide stockmarkets.L&G retail investments director Michael Hayden says: “A real concern […]


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