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21st July 2008 - HBOS investors snub share issue

Investors in UK bank HBOS have overwhelmingly declined the chance to buy new shares in the firm. The top mortgage lender announced that just 8.29% of the new shares offered in its £4bn rights issue were taken up.

HBOS shares were available on the stock market for less than the 275 pence issue price last week, making it unattractive to shareholders. But HBOS will still get the £4bn it wanted, as the unsold new shares will be bought by the issue's underwriters.

News Archive

21st July 2008 - New hope for giant wind farm plan

German power firm E.On and Danish utility Dong have bought Shell's stake in the London Array wind farm, which is set to be one of the world's largest. E.On and Dong were originally Shell's partners in the 341 turbine project and will now each own half of it. The planned 1,000 MW project could power as many as one quarter of London's homes.

9th July 2008 - The Queen beats crunch with £211m profit

The Queen's property empire has bucked the trend and emerged from the credit crunch with a record profit thanks to some well-timed deals in central London. The £7.3bn Crown Estate, one of the capital's biggest landowners, made £211.4m, up nearly 6% last year, according to accounts published today.