Summary
DESPITE a strong full-year profits performance and decent rise in the divi, HBOS suffered a bout of trading-update-itis yesterday.
That's when a company gives a very upbeat picture of its prospects before going into the close period ahead of its results.See the full content of this document
Extract
Scrutineer:A Jolly Fun Ride. Best Not Get Carried Away
The shares ride high on the update, which is what happened with HBOS in recent weeks; but then there is some disappointment when the full-year announcement comes in and only bears...
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