United Kingdom
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Thursday, 28 August 2008
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| View All Articles About 'Northern' |
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| 1. |
Northern Rock reports 585 million pound loss
Government-owned bank Northern Rock said it made a 585 million pound loss in the first half of this year as bad debts on home loans more than doubled and it was hit by restructuring and other costs.
05 Aug 2008 |
| 2. |
Northern Rock seen probing former board
The new management at Northern Rock, the mortgage bank nationalised in February, has launched an investigation to see if legal action should be brought against the former board, the Financial Times reported.
18 Jun 2008 |
| 3. |
Lloyds TSB enters agreement with N. Rock
Lloyds TSB said on Thursday that it had entered a three year agreement with Northern Rock, under which certain Northern Rock customers coming to the end of their fixed rate period on their mortgage can switch to a Lloyds TSB mortgage.
05 Jun 2008 |
| 4. |
Northern Foods profits up 25%
Northern Foods said on Tuesday that its pre-tax profit for the full year to 29 March increased 25.3 per cent to £50.1 million. The company said it had proposed a net dividend of 4.50 pence per share, up 5.9 per cent from the previous year.
27 May 2008 |
| 6. |
Insurers slam plans for post-N. Rock reform
Insurance companies, one of the Britain's largest shareholder groups, have told the government that plans to swoop in early on ailing banks could hurt investors and hit confidence in London as a financial hub.
25 Apr 2008 |
| 7. |
Northern Rock lost £167.6m in 2007
Northern Rock has said that it will repay its loan of £24 billion from the government by 2010. The bank also revealed that it had made a loss of £167.6 million in 2007.
25 Mar 2008 |
| 8. |
FSA says N. Rock oversight unacceptable
The financial watchdog said on Wednesday its supervision of troubled mortgage lender Northern Rock was unacceptable, while its internal controls and resources targeted at the bank were inadequate.
25 Mar 2008 |
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Rock shareholders complain to government
The Shareholders' Association has written a letter to the government, speaking against the current terms used to determine compensation for shareholders in the recently nationalised bank Northern Rock.
17 Mar 2008 |
| 10. |
Northern Rock to cut 2,000 jobs by 2011
Mortgage lender Northern Rock has said that it aims to cut 2,000 jobs by 2011 as part of its new business plan. The company's intentions are currently being worked into a full business plan to be presented for approval to the Treasury at the end of the month.
17 Mar 2008 |
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