Bid Rumours Swirl On a&L ; Market Report

Summary

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AS PEARLS of wisdom go, there's none more hackneyed than 'a friend in need is a friend indeed'.

And while every cliche contains a measure of truth, there wasn't much evidence of altruism in the banking sector yesterday as the rumour mill swung into action.

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Extract

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Bid Rumours Swirl On a&L ; Market Report

All the talk was that Spanish banking giant Banco Santander again smells blood in the UK mortgage sector and is plotting a move on Alliance & Leicester, up 3812p to 63512p.

Shares in A&L have been volatile over the past couple o...

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