Article Abstract:
Abbey National may make a hostile bid for National andProvincial, and investors are undecided as to whether the acquisition would benefit Abbey.Panmure Gordon argues that the acquisition would create problems since the mortgage marketwhich National and Provincial serves is faced with lack of growth. Merrill Lynch is alsoconcerns about falling margins from mortgages. Lehman Brothers recommends Abbey sharesand argues that the acquisition would help Abbey by giving its an enlarged client base in thenorth of Englandand the Midlands region of England.
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Article Abstract:
Savers with the Cheltenham and Gloucester Building Society (C and G) will benefit from bonus payments after the takeover by Lloyds Bank. Savers should not feel loyalty to C and G once they have received their payment. Other savings and loan associations offer higher rates of interest. Savers could also benefit from moving to other savings and loan associations since these may be taken over and offer bonus payments. Borrowers are excluded from this payment scheme.
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Article Abstract:
Many investors choose building society deposit accountas a safe place for investments, but their popularity has fallen due to low rates of interest and thevariety of other investment options. However rates paid on accounts depend on access requireand smaller socieities often provide higher rates. Rates also change regularly, and investors whocan invest their money for longer terms will get better rates.
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