Bradford & Bingley announces the disposal of two IFA businesses

The businesses sold had aggregate net assets of about £5.6 million at 30 June 2004. Bradford and Bingley said that these firms did not make a material contribution to its profits in the half year to 30 June 2004.

John Scott & Partners, founded in 1964, is an independent financial adviser and wealth manager with offices in Marlow, London, Bristol and Leeds and currently manages £320 million on behalf of private and company clients.