No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Santander and Barclays were said to be the main contenders left in the race to acquire TSB, according to Bloomberg, citing people familiar with the matter.
Santander and Barclays were allegedly the only banks with offers for the business on Friday, Bloomberg's sources said. Banco Sabadell, which owns TSB, will now likely pick one of the two remaining banks to enter negotiations with regarding a potential sale.
However, Bloomberg's sources also said there was no guarantee that Barclays and Santander would make a bid, and noted that Sabadell may still opt not to go ahead with the sale of TSB.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.