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DAILY TELEGRAPH Ricahrd Branson weighs in on Virgin race row - Wed, 08 Feb 2012 17:12:45 GMT
Ricahrd Branson weighs in on Virgin race row - Wed, 08 Feb 2012 17:12:45 GMT
FINANCIAL TIMES Greek parties edge towards bail-out cuts - Wed, 08 Feb 2012 15:09:26 GMT
Greek parties edge towards bail-out cuts - Wed, 08 Feb 2012 16:42:51 GMT
BBC NEWS BBC News - Business - Wed, 08 Feb 2012 16:13:46 GMT
BBC News - Business - Wed, 08 Feb 2012 16:00:11 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
No festive promises for Rock
Northern Rock's chairman has suggested that no formal decision will be made about the bank's future before Christmas.
Speaking to Northern Rock's recently appointed chairman Brian Sanderson, the BBC has said he confirmed that no action will be taken for the time being.
This is in spite of the government's indications that it wished to see some form of decision made by mid-December.
This newest report follows swiftly on from Liberal Democrat leader Vince Cable's calls for the bank to be temporarily nationalised. Cable claimed that no bidder could possibly raise the funds to pay back the £25 billion Northern Rock has been loaned by the government to date.
Olivant's fresh bid is now said to be backed by 23 per cent of the bank's shareholders, despite Virgin Group being the bank's formally acknowledged preferred bidder.
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- Big banks reveal further losses
- Mortgage Brain goes for Gold
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- Allied Surveyors predicts Spring rate cut
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