Going, going, gone - to the highest bidder
Article Abstract:
Stock prices of savings and loan associations such as Halifax have risen since they have come to the market, and the rise has been more than expected by analysts. This is because fund managers have bought the stocks and index trackers have bought simply to reflect the index rather than on the grounds of value. Demand has thus been independent of prices and the stocks have been in short supply. The stocks appear to be overvalued, so stockholders could sell, but there my be long-term benefits from holding these stocks such as good dividends.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Still battling for savers and borrowers
Article Abstract:
There is competition between banks and building societies in the United Kingdom and this is shown by the rapid reaction to an interest rate change in Oct 1998. Mutuals tend to offer better rates for home loans, as well as better rates for savers, and they tend to have narrower spreads. Banks are catching up as the market has become more competitive. There is also more emphasis on advertising, and this increased competition is linked to demutualization in the UK.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Mutual party
Article Abstract:
The UK Building Societies Bill will give more freedom to mutuals which will be better able to compete with banks. The bill aims to help mutuals compete in the market and a clause on takeover protection could help prevent hostile bids affecting mutuals. Four UK building societies are changing their status to become public limited companies. Two of these, Alliance and Leicester and Woolwich, argue that the bill could affect their approach to acquisitions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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