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Date: Friday 04 Jul 2008

LONDON (ShareCast) - Bradford & Bingley is sharply lower after its leading shareholders were forced last night to step in and rescue its £400m fund raising after US private equity group Texas Pacific (TPG) walked away. TPG had agreed to inject £179m for a 23% stake in the mortgage lender but following a ratings downgrade for B&B from credit rating agency Moody's decided to pull out of the deal.

Investors were cheered by the news that Daily Mail and General Trust has named Cathy O'Connor as chief executive of its radio division DMG Radio Australia with effect from 1 October. O'Connor will succeed Paul Thompson who has decided to step down as executive chairman.

The newspaper group said Thompson will remain as chairman in a non-executive capacity.

However, elsewhere in newspapers, Scotsman publisher Johnston Press falls back on concerns its recent rights issue may not be sufficient.

FTSE 250 - Risers
Savills (SVS) 222.25p +5.21%
St. Modwen Properties (SMP) 317.75p +4.27%
Connaught (CNT) 375.50p +3.30%
Morgan Sindall (MGNS) 484.50p +3.09%
Britvic (BVIC) 258.50p +2.58%
Quintain Estates & Development (QED) 165.50p +2.48%
Rightmove (RMV) 248.25p +2.37%
Chemring Group (CHG) 2,350.00p +2.13%
Rentokil Initial (RTO) 96.00p +2.13%
Daily Mail and General Trust (DMGT) 279.75p +2.01%

FTSE 250 - Fallers
Southern Cross Healthcare Group (SCHE) 80.00p -12.33%
Bradford & Bingley (BB.) 54.00p -11.48%
Alliance & Leicester (AL.) 267.00p -8.48%
Johnston Press (JPR) 32.50p -8.45%
Headlam Group (HEAD) 291.00p -6.66%
Taylor Wimpey (TW.) 32.75p -6.43%
Telecity Group (TCY) 239.50p -5.34%
Close Brothers Group (CBG) 500.50p -4.94%
BSS Group (BTSM) 265.75p -4.58%
Cattles (CTT) 110.00p -4.56%

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