Contact us  |  Wed 09 April 2008Last updated: 11:55

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Halifax reassures on BT plans

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BT is in regular contact with senior managers at the Halifax and HBOS.

The Halifax has stepped in to reassure BT that its share plans are in safe hands, amid rumours about UK financial institutions in the London market.  

Alan Scott, BT deputy secretary and director of corporate governance, said: “Many of you will have seen or heard the major news items about the alleged rumours that have been spread in the financial markets about Halifax Bank of Scotland (HBOS) Bank.

“You may understandably be worried about your investments in HBOS - including saveshare allshare and directshare that are administered by the Halifax, part of HBOS.”

But, he said, BT is in regular contact with senior managers at the Halifax and HBOS.

“They have reassured us that, as one of the world’s strongest banks with assets of more than £660 billion, BT share plans are quite safe in their hands. There is no need to worry - and it’s business as usual.’

Further information about share plans can be found online.

Information provider: Group Communications

Review date: 20/03/09