Investors look to profit from Bradford & Bingley's woes
``In an already uncertain climate, investors and analysts were rocked by news of the Company's subprime exposure and given a sour taster of what could be in store for UK banks over the forthcoming months. Despite these reports and talk of gloomy housing predictions, which could dent mortgage sales, our customers looked to profit from Bradford & Bingley's woes and the stock equated to almost a quarter of all retail investor buys this week. The majority of these trades were made yesterday when the stock plummeted to an all-time low.
Bradford & Bingley shares have plunged to fresh lows amid mounting fears that the stock is worthless.