P503 Teletext 503 Oct27 21:14:12       ——————  ———————————————————  ABBEY UPBEAT AHEAD OF £9bn TAKEOVER Abbey National said it was overcoming disruption to its business caused by the £9bn takeover by Banco Santander, due to complete on November 12. In a third quarter trading update, the mortgage bank said profit was running ahead of the first half "run rate". Gross mortgage lending of £6.4bn is in line with the second quarter. Year to date, it has an estimated 8.6% share of the market against 9% in June. ——————————————————————————————————1/2—— Abbey National share price check 514 Holiday for less - UK Breaks p240 Next news Shares Markets Cinema
P503 Teletext 503 Oct27 21:11:41       ——————  ———————————————————  SANTANDER PROFIT SOARS ON RBOS SALE Spain's Banco Santander, which is about to acquire Abbey National in a £9bn deal, said third quarter net income rose 84% to 1.17bn euros (£812m). The group gained from the strength of the mortgage market in Spain and Latin America. It also made a profit of £326m by selling some of its stake in the Royal Bank of Scotland. The Abbey deal is expected to complete on November 12. ——————————————————————————————————2/2—— Abbey National share price check 514 Holiday for less - UK Breaks p240 Next news Shares Markets Cinema