UK Business Park
Custom Search




The information on this page comes from the UK Activity Report.
Click here for further details


Alliance & Leicester

Alliance & Leicester is to shed 25 of the 300 jobs at its Heritage House office in Leicester, due to falling demand for loans. 11-Nov-2008

Alliance & Leicester, the bank with 7,300 staff and 254 branches, is to be acquired by Santander of Spain for £1.3bn, and the business will be merged with Santander's chain of 705 Abbey branches. 15-Jul-2008

Alliance & Leicester has won approval for the £20m redevelopment of the former Girobank headquarters in Bootle over the next three years, in order to improve facilities for almost 2,000 business banking and call centre staff. 02-Jul-2008

Alliance & Leicester is to shed up to 150 jobs from its mortgage and loan operations in Leicester and Narborough, and a further 150 jobs will go in Merseyside and Greater Manchester. 27-Feb-2008

Alliance & Leicester Commercial Bank is opening a new business centre at The Plaza in Liverpool, and plans to open further centres in 2006. 06-Mar-2006

Alliance & Leicester is to shed 350 administration jobs at the former Girobank site in Bootle. 27-Jan-2006

Alliance & Leicester is considering plans to sell off its network of cash machines for up to £150m, and has appointed Citigroup to explore the various options. 25-Jul-2005

Alliance & Leicester is to close 46 of its 300 bank branches with the loss of about 300 jobs, in order to cut costs and encourage customers to use the internet and telephone. 17-Jun-2004

Alliance & Leicester has sold its payment processing operation to Nova Information Systems of the US for £83m. 03-May-2004

Alliance & Leicester is recruiting 100 additional staff at call centres in Leicester and Narborough. 02-Feb-2004

Alliance & Leicester is to shed 160 jobs in its wholesale banking business, while about 80 jobs will be lost in its Manchester-based international payments operation. 24-Jul-2003

Alliance & Leicester has sold its credit card business to MBNA of the US for £225m, but will continue to sell cards in an outsourcing arrangement with MBNA. 29-Jul-2002

Securicor has won a £200m outsourcing contract from Alliance & Leicester, which will involve taking over the management of A&L's cash processing centre in Basingstoke. 25-Feb-2002

Alliance & Leicester is planning to shed 400 jobs at its Girobank headquarters in Bootle, as part of a previously announced scheme to cut 700 jobs nationwide. 01-Oct-2001

Alliance & Leicester has announced plans to shed 700 back-office jobs at a number of sites across the country. 24-Sep-2001

Alliance & Leicester is looking to spend up to £500m on acquisitions to expand its retail and small business banking operations. 23-Jul-2001

Alliance & Leicester is to set up a chain of stores to provide information to people planning to buy or improve homes, with the first two outlets opening in Banbury and Leamington Spa. 27-Mar-2001

Alliance & Leicester is planning to expand its chain of 309 branches this year, and will also install 1,500 new cash machines. 16-Feb-2001

Charles Schwab is considering plans to install stockbroking counters in the 314 bank branches of Alliance & Leicester. 05-Feb-2001

Alliance & Leicester is planning to invest £15m in the launch of an online wealth management service early next year. 14-Nov-2000

Alliance & Leicester is planning to spend £130m on restructuring and computers in order to achieve annual cost savings of £100m by 2004, which will lead to the loss of about 1,500 jobs. 01-Nov-2000

Alliance & Leicester is to restructure its retail banking business into three divisions based on customers' use of the internet, which will make it easier to sell more products to each customer. 09-Oct-2000

Alliance & Leicester is to rename its Girobank small-business division to Alliance Business Banking, and is also looking to set up a joint venture with an invoice discounting and factoring supplier. 20-Jul-2000

Alliance & Leicester is investing £15m in an internet bank project, which is expected to become a stand-alone offshoot. 15-Feb-2000

Alliance & Leicester is planning to sell its Park Lane headquarters in London, and the 30 staff will be relocated to a smaller office. 05-Nov-1999

Alliance & Leicester Girobank is pulling its personal banking division out of Birmingham with the loss of up to 100 jobs, and the business will be combined with existing operations in Leicester. 29-Jul-1999

Alliance & Leicester has called off merger talks with the Bank of Ireland due to disagreements over the structure of the combined banking group. 17-Jun-1999

Alliance & Leicester is in merger talks with the Bank of Ireland, which would create the UK's fifth largest mortgage lender with 500 branches and a further 320 branches in Ireland. 22-May-1999

Alliance & Leicester is linking up with London Electricity to offer a mortgage that will give housebuyers in London free gas and electricity for up to three years. 22-Sep-1998

Alliance & Leicester is said to have been considering the possibility of merger discussions with Woolwich, in order to form the third largest mortgage lender in the country with residential mortgage assets of £50bn. 22-Jun-1998

Alliance & Leicester, which now has its headquarters in London, is to close six branches in its home town of Leicester, as part of a restructuring programme aimed at cutting its branch network and encouraging customers to use telephone or mail. 29-Jul-1997

Alliance & Leicester is selling Stiles Harold Williams, its estate agency business, to Cannonguard for an initial £250,000. 30-Apr-1997

Alliance & Leicester building society is to give savers about £1000 of shares each when it floats on the stock market next year. 28-Oct-1996

The Alliance & Leicester building society may set up a share dealing service for members who become shareholders at next year's flotation. 26-Aug-1996

Halifax Building Society is buying 33 estate agency offices from the Alliance & Leicester for undisclosed terms. 26-Apr-1996

Alliance & Leicester, the building society, is planning a total review of costs in preparation for flotation and transformation into a bank. 19-Mar-1996

Alliance & Leicester Building Society is to stop selling endowment policies following the formation of its own life assurance company. 05-Mar-1996

Alliance & Leicester has announced flotation plans and aims to become a bank early in 1997. 01-Feb-1996

Alliance & Leicester is forming a general insurance subsidiary in two steps - forming a unit to control customer services and then deciding how much risk it is prepared to carry. 30-Dec-1995

Alliance & Leicester has taken away membership rights for new instant access accounts, prompting speculation that it may be planning to become a public company. 05-Dec-1995

Alliance & Leicester plans to sell its 71-branch estate agency chain. 02-Dec-1995

Alliance & Leicester's planned life assurance subsidiary will offer customers independent financial advice rather than sell its own endowment mortgages. 01-Nov-1995

Alliance & Leicester is to close 40 branches, possibly in preparation for becoming a bank. 13-Oct-1995


The information on this page comes from the UK Activity Report.
Click here for further details












Copyright UK Business Park 1995-2009