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HBOS shares surge 16.9% on rumours of BBVA takeover

Shares in HBOS soared 16.9% yesterday, driven in part by rumours that Spanish bank BBVA is considering bidding for the Edinburgh-based mortgage lender.

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TIM SHARP

Shares in HBOS soared 16.9% yesterday, driven in part by rumours that Spanish bank BBVA is considering bidding for the Edinburgh-based mortgage lender.