Summary
HBOS has gone out of its way to reassure investors that its rising bad debts on loans to private individuals are no worse than it had expected and that it was on track for its targeted profit growth for the first half of this year.
The shares edged 11 1 /2p higher to close at 812p after the bank described its mortgage lending, after repayments, as 'robust', in line with its market shared last year.See the full content of this document
Extract
Hbos Banking On Better Future As It Shakes Off Bad Debts
Corporate lending had also sustained a strong performance, though HB...
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