Halifax Shares Drop 4% Amid Cautious Outlook

The JournalMarch 01, 2007

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Summary


Halifax Bank of Scotland's share price sank yesterday despite unveiling forecast-busting underlying profits of pounds 5.54bn for 2006.

The impact of a weak stock market and a cautious outlook from the company's chief executive Andy Hornby meant shares closed 4% lower.

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Extract


Halifax Shares Drop 4% Amid Cautious Outlook

HBOS had earlier extended the banking sector's recent record for bea...

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