The information on this page comes from the UK Activity Report.
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Northern Rock Northern Rock is planning to shed up to 2,000 jobs from its 6,500-strong workforce by 2011, as the nationalised bank scales back its mortgage lending business. 18-Mar-2008 Northern Rock is planning to expand its network of mortgage banks from 72 to 100 over the next four years, and will also invest in IT and telephone systems. 26-Jan-2007 Northern Rock is to close 20 mortgage bank branches with the loss of 150 jobs, but 10 new branches will open in cities not currently covered by its network. 03-Oct-2003 Northern Rock is in advanced discussions to sell its credit card business to the Co-operative Bank. 29-May-2003 Northern Rock is planning to raise up to £3bn in a bond issue in order to increase its capacity to take on more mortgages. 23-Dec-2002 Northern Rock, the mortgage bank, is to spend an additional £40m on the expansion of its offices in Newcastle-upon-Tyne, in order to cope with the 200 new staff taken on each year. 14-Oct-2002 Legal & General is to sell Legal & General Bank and Legal & General Mortgage Services to Northern Rock for £131m, as part of a strategy to focus on long-term savings, protection and general insurance. 05-Jul-2002 Northern Rock is to create 250 jobs at new administration headquarters in Gosforth and Sunderland this year. 01-Feb-2001 Northern Rock is hoping to get planning permission next month for a new £30m banking headquarters in Gosforth, Newcastle, and plans to create 300 jobs annually over the next seven years. 24-Jul-2000 Northern Rock has awarded a contract to Laing for the first phase of a £20m extension to its headquarters in Newcastle-upon-Tyne. 25-May-2000 Northern Rock is considering plans to offer mortgage-backed bonds to private investors, and is currently investigating the legal implications. 27-Jan-2000 Northern Rock is to close 29 of its 105 bank branches with the loss of 250 jobs, but 100 new jobs will be created at a call centre in Sunderland and a further 300 will be recruited at its Newcastle head office to work on e-commerce. 16-Nov-1999 Northern Rock building society has made its stock market debut, bringing windfalls of £2,300 to each of its 885,000 members. 02-Oct-1997 Northern Rock is planning to close up to a quarter of its 133 branches next year, but will try to re-employ the 110 staff affected. 03-Sep-1997 Northern Rock Building Society is selling Northern Rock Asset Management, its unit trust subsidiary, and Northern Rock Financial Services, the financial advisor, in preparation for its conversion to a bank. 24-Jul-1997 Northern Rock has announced that its flotation and conversion to a bank will take place on October 1. 12-Jul-1997 Northern Rock is introducing a phone-based direct mortgage service, with the first product to be called Promise Mortgage. 03-May-1997 Northern Rock building society is expected to pay windfall bonuses of an average £1,400 to its 900,000 members when it converts into a bank in October. 04-Mar-1997 Northern Rock, the building society, is buying Kingsclear Homes, the operator of 23 nursing homes, for £40m. 11-Jan-1997 Guardian Royal Exchange is to provide general insurance to customers of the Northern Rock building society, a service previously provided by Commercial Union. 27-Sep-1996 Northern Rock is planning to float and convert from a building society into a £1bn bank, while also setting up a charitable foundation in aid of the north east of England. 04-Apr-1996 The information on this page comes from the UK Activity Report. Click here for further details Copyright UK Business Park 1995-2009