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Bradford & Bingley shares fail to bounce back after warning

Jun 3 2008 by Tony McDonough, icNorthWest

There is little sign of a stock market comeback for struggling lender Bradford & Bingley today after yesterday’s 24% tumble.

The firm sparked fresh fears in the banking sector yesterday after warning over profits, rising arrears, and selling a 23% stake to a US private equity firm.

While most banks bounced back today - Royal Bank of Scotland rising almost 5% and Lloyds TSB up nearly 2% - B&B was just 0.25p ahead at 67.25p in the FTSE 250 Index.

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