Thursday, December 07, 2006
Lloyds shares up on reheated BBVA bid gossip – market reports
StoryLloyds TSB shares gained on recurring gossip of a possible bid from BBVA, the listed Spanish bank, according to an unsourced Daily Mail market report. The talk was that BBVA might make a move on its UK-listed rival ahead of changes to Spanish tax legislation next year.
The Daily Telegraph’s market report also picked up on the bid speculation, without specifically naming BBVA. The unsourced report noted possible bid interest from a Spanish rival. Lloyds TSB shares closed 4p higher at 543.5p, giving the group a market capitalisation of GBP 31.04bn (EUR 45.93bn).
SourceDaily Mail, Daily Telegraph"
The Daily Telegraph’s market report also picked up on the bid speculation, without specifically naming BBVA. The unsourced report noted possible bid interest from a Spanish rival. Lloyds TSB shares closed 4p higher at 543.5p, giving the group a market capitalisation of GBP 31.04bn (EUR 45.93bn).
SourceDaily Mail, Daily Telegraph"
