Towergate could be in trouble...

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"Figures from the debt markets show that Smurfit Kappa, a packaging manufacturer supported by HBOS loans, has its debt trading at 69% of its original value. Another firm, Towergate, an insurance group backed by HBOS and Lloyds, has breached covenants and is struggling to repay its debts."

Posted By: Ralf Scrampton, Feb 17, 10:11:38