A $60 Billion Bonanza For Britons
Vivian Ayton is delighted. The 34-year-old east Londoner is fitting out her home with a new bathroom, complete with Jacuzzi. Funding the project was painless--thanks to the two mutually owned mortgage lenders where Ayton financed her house and parked her savings. In little more than a month, the two so-called building societies--Halifax and Woolwich--went public. As a member of both, Ayton got shares worth more than $7,000 in the newly listed companies. "It's like winning the lottery," she says.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.