that makes sense..however i doubt they will...the question is why?why have they said they will not sell until after the election they said market conditions were not right...whats wrong with them... are they expecting the share price to fall off a cliff or do they feel it would be bad publicity for the sp to rise after the sell off... accused of looking after the boys ship
Anything over 70p is brilliant, even for those like me who lost a packet on pre HBOS shares. They are gone forever. But we all filled our boots with new money at 37p and 38p on rights and lower in the market. So some comfort overall.
The dividend when it comes will act as a huge spur to the price, up to £1 at some stage. The bank could be making anything up to £6bn as a monopoly player in savings and loans. The only danger being Miliband's threats to break it up. Which would be ironic given that his pal put it together.
UPDATE 1-Nationwide first-quarter profit more than doubles Mon, 18th Aug 2014 07:44 (Adds detail, background)
LONDON, Aug 18 (Reuters) - Nationwide Building Society , Britain's biggest customer-owned lender, more than doubled its first-quarter profit, it said on Monday.
Underlying profit of 263 million pounds ($440 million) in the three months to June 30 was up 117 percent against the same period last year.
The mutual society said its share of current accounts rose slightly to 6.4 percent from 6.2 percent, while member deposits increased by 1.5 billion pounds to 132 billion pounds.
Gross mortgage lending fell to 5.8 billion pounds from 6.4 billion pounds a year earlier.
Nationwide is seeking to challenge the dominance of Britain's five biggest banks, wooing customers disillusioned by scandals including the mis-selling of loan insurance and the rigging of benchmark interest rates.
However, the big five of Lloyds Banking Group, Royal Bank of Scotland, Barclays, HSBC and Santander UK continue to control about 80 percent of the market for personal current accounts.
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