FROM OTHER NEWS SITES
DAILY TELEGRAPH Bank of England injects £50bn into economy - Thu, 09 Feb 2012 22:36:53 GMT
Bank of England injects £50bn into economy - Thu, 09 Feb 2012 22:55:55 GMT
FINANCIAL TIMES Greek parties agree €3.3bn austerity cuts - Thu, 09 Feb 2012 18:58:47 GMT
Greek parties agree €3.3bn austerity cuts - Thu, 09 Feb 2012 19:17:21 GMT
BBC NEWS BBC News - Business - Thu, 09 Feb 2012 18:48:09 GMT
BBC News - Business - Thu, 09 Feb 2012 23:21:45 GMT
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B&B 'on track' to meet forecast
Bradford & Bingley (B&B) has reassured investors that it is riding out the current climate, remaining on track to meet profit forecasts for 2007.
Alliance & Leicester has also confirmed it is coping well with the current conditions, prompting shares to rise by 11 per cent as it revealed strong growth and assets.
Since the Northern Rock chaos hit the markets at the beginning of September, previously infallible banks have held newly shaky ground as consumers begin to realise that they are not as invincible to market conditions as they may outwardly appear.
"We have taken the view that we should take our funding when we can and we got in some early funding deals when the windows were open, so we are padded up for the long haul," said B&B's chief executive Steven Cranshaw.
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