Barclays buys Standard Life Bank
Barclays has started to make some really good moves recently. They already are getting stronger on the market, but this time they were granted a really good deal. Standard Life Bank was bought for much less than analysts expected, just £226m. Specialists estimated that the price the company was bought for its 23 per cent discounted and its standard value would be £293m.
Meanwhile Barclays have spotted a niche in the market for mortgages ad extended the mortgage share on the marked also increasing their profit. The shares fell last Friday by 2.45 per cent while Standard Life Bank share closed down 1.5 per cent.
Source: FT.com
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Posted by Paul