B&B gets boost from Cowdery's bid plans

Bradford & Bingley Plc jumped the most since its initial public offering after Clive Cowdery's Resolution Ltd disclosed a plan to buy control of the UK mortgage lender for 400 million pounds.

Bradford & Bingley rose as much as 17 percent, the biggest gain since the IPO eight years ago, and traded up 9.75 pence to 75.75 pence at 10 am, valuing the bank at 468 million pounds.