Hbos Warns of Continued Financial Uncertainty

Summary


HALIFAX Bank of Scotland posted lower than expected annual profits yesterday and warned of continued uncertainty in financial markets this year.

Underlying pre-tax profits came in 3% higher at pounds 5.71bn for 2007 - but below City forecasts of pounds 5.76bn.

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Extract


Hbos Warns of Continued Financial Uncertainty

The bank captured 22% of new mortgages in the second half of last year, but said it would put pr...

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