Your Herefordshire
Get involved: send your photos, videos, news & views by texting HT NEWS to 80360 or email »
Mortgage bank in £300m cash call
8:17am Wednesday 14th May 2008
Mortgage bank Bradford & Bingley has asked shareholders for £300 million in a bid to bolster its balance sheet.
The rights issue, which will see shares offered at a 48% discount to the company's share price on Tuesday night, follows similar moves by larger banking groups Royal Bank of Scotland and Halifax Bank of Scotland.
Bradford & Bingley denied as recently as last month that it was planning to carry out a cash call. However, it said the move would reinforce its position as one of the UK's "better capitalised" banks.
News in brief
Geldof backs Davis liberty campaign
Bob Geldof is to endorse former Tory frontbencher David Davis' protest against the Government's erosion of civil liberties.
GPs 'undermining choice in NHS'
GPs are undermining choice in the NHS by operating "gentleman's agreements" not to take on each other's patients, a health minister has said.
Curtis coup for Villa
Curtis Davies has joined Aston Villa from West Brom on a four-year contract after spending last season on loan from the Hawthorns.
England name unchanged Test squad
England have named an unchanged Test squad for the start of the npower series against South Africa.
Crow urges action to save mustangs
Sheryl Crow is urging people to get involved in saving America's wild horses.
Glastonbury boost for Jay-Z's album
Jay-Z caused such a stir at this year's Glastonbury Festival that sales of his album by a music chain have enjoyed a near five-fold increase.
Damp start for O2 Wireless Festival
Rain failed to dampen the spirits of music fans at the start of the four-day O2 Wireless Festival.
Bradford and Bingley says rights issue will reinforce its position
In this section
- Call for Turks and Caicos inquiry
- Queues and cost defeat school meals
- Royal sale doubles estimate
- Labour MSP in by-election running
- Low-key ceremony on 7/7 anniversary
- Church mute over talks with Vatican
- G8 may back UK over Zimbabwe regime
- Civil Service bonuses under fire
- 'Put them in army', says stepmother
What's On Live Travel Your Herefordshire
Hot Jobs
- Assistant Carer Support Worker Hereford
- ADMINISTRATOR Hereford
- Sales Representative Worcester
- SECURITY GUARD Hereford
- STOREPERSON Hereford
- Field Sales Executive Hereford
Local Advertisers
Local Information
Enter your postcode, town or place name
Homes
- 3 bedroom Bungalow, Kington, £395,000, Bill Jackson - Leominster
- 2 bedroom House - terraced, Leominster, £175,000, Bill Jackson - Leominster
- 3 bedroom House - detached, Lyonshall, £279,950, Bill Jackson - Leominster
- 4 bedroom House - detached, Leominster, £550,000, Bill Jackson - Leominster
- 4 bedroom House - detached, Leominster, £249,995, Bill Jackson - Leominster
- 2 bedroom Bungalow, Almeley, £247,500, Bill Jackson - Leominster
