Fighting for quality news media in the digital age.

  1. News
September 22, 2008

Speculators cashed in minutes before BBC HBoS scoop

By Dominic wireposts

Speculators made £190 million the two minutes before 9am on Wednesdsay when BBC business editor Robert Peston broke news of takeover talks between Lloyds TSB and HBoS, according to the Mail on Sunday.

Peston told the MoS that information on the takeover was “tightly held”. He said: “If there were big buys before I broadcast, that is quite scary.”

The shares more than doubled in value in the hour following Peston’s scoop.

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Websites in our network