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Investor snub for Bradford & Bingley cash-call

Price targets as low as 25p were being set by brokers yesterday for Bradford & Bingley after underwriters were left holding more than 72% of the shares in its £400m rights issue.

Price targets as low as 25p were being set by brokers yesterday for Bradford & Bingley after underwriters were left holding more than 72% of the shares in its £400m rights issue.