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RBS places rights issue rump at 230p a share

The Royal Bank of Scotland Group says it has placed a rights issue rump at 230p a share for the remaining 299,375m new shares.

The bank announced this morning that it had received a 95 per cent take up of its £12bn rights issue.

It was left with 299,375m new shares for which valid acceptances were not received.

RBS says the net proceeds from the sale of the new shares – after deduction of the rights issue price of 200p a share and relevant cost – will be paid without interest to shareholders who have not taken up their entitlements.


Revolutionary MPPI plan from LV=

LV= has introduced a mortgage payment protection insurance plan that differs from traditional policies by providing an option for living expenses cover and not restricting the benefit payment period.

Barclays adds East Europe

Barclays Wealth has widened its emerging markets optimiser investment with the launch of an Eastern European option.


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