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Snap News

The latest on Thursday,

- HBOS announces details of £4bn rights issue – circular

- HBOS releases H1 trading statement: £1bn writedown, but sees margins steady over 2008 in spite of projected 9% decline in UK house values – statement

- Land of Leather releases details of £15m rights issue, says sales down 36% in 6 wks – statement

- Bear Stearns employees knew hedge funds were in serious trouble days before investors were told – WSJ article

- Tomkins announces sale of Stant Corporation to US private equity group HIG Capital – statement


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