• Text size
  • Send this article to a friend
  • Print this article

Santander agrees takeover of embattled UK lender

Shares in Alliance & Leicester soared by 52.8% yesterday as investors hoped for a rival bid to trump an agreed £1.3bn takeover of the company by Abbey's Spanish owner Santander.

Shares in Alliance & Leicester soared by 52.8% yesterday as investors hoped for a rival bid to trump an agreed £1.3bn takeover of the company by Abbey's Spanish owner Santander.