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DAILY TELEGRAPH Leveson Inquiry: Adam Smith texted Fred Michel 257 times during BskyB bid - Thu, 24 May 2012 10:46:16 GMT
Leveson Inquiry: Adam Smith texted Fred Michel 257 times during BskyB bid - Thu, 24 May 2012 10:46:20 GMT
FINANCIAL TIMES UK first-quarter growth revised down - Thu, 24 May 2012 09:15:40 GMT
UK first-quarter growth revised down - Thu, 24 May 2012 10:35:56 GMT
BBC NEWS BBC News - Business - Thu, 24 May 2012 10:04:29 GMT
BBC News - Business - Thu, 24 May 2012 10:29:35 GMT
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N&P made modest profit in 2009
Despite the credit crunch, Norwich & Peterborough made a modest profit in 2009, announcing a pre–tax profit of £1.3 million (£5.9 million in 2008).
Commenting, Matthew Bullock, chief executive of N&P, said: “Because of its conservative and affordability-linked lending policy, N&P was pleasingly less affected than most lenders in the level of arrears amongst our mortgage borrowers. At the end of the year, residential mortgage borrowers in serious arrears amounted to only 0.83% of accounts; this compares with an industry average of 1.81% (Source: Council of Mortgage Lenders) and well below the rating agencies’ forecasts.”
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