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Woolwich

Next is to create 220 jobs at its Ventura call centre in the Dearne Valley, having won a contract from Woolwich to manage a new integrated personal finance plan. 18-Aug-2000

Barclays has reached agreement for the £5.3bn acquisition of the Woolwich mortgage bank, which will result in about 100 branch closures and the loss of 1,000 jobs. 14-Aug-2000

Barclays is planning to launch a £5.3bn takeover bid for Woolwich in order to increase its share of the mortgage market. 10-Aug-2000

Woolwich has launched a mobile internet banking service following a successful trial, and cut-price phones will be sold through an alliance with Nokia and Vodafone. 19-Apr-2000

Woolwich has announced plans to launch a mobile telephone banking service, using wireless application protocol technology. 03-Feb-2000

Woolwich is forming a joint venture with 145 independent financial advisers in a £20m deal with Marsh & McLennan. 03-Nov-1999

Woolwich is to cut 300 jobs, mostly at head office, in order to save £13m a year and focus its operations on the Open Plan integrated banking service. 21-Oct-1999

Woolwich is to invest £125m in a new internet and digital TV banking service called Open Plan. 08-Oct-1999

Woolwich is to offer financial services to the 3.5m customers of the Littlewoods mail order catalogue, in a £5m joint venture that is expected to be profitable within 18 months. 13-Jul-1999

Woolwich and Countrywide Credit Industries are to set up a head office for their Global Home Loans mortgage service at the Crossways business park in Kent, creating up to 350 jobs. 21-Jun-1999

Woolwich is forming a joint venture with Countrywide Credit Industries to provide mortgage services, with both companies investing £10m in the Global Home Loans operation. 12-May-1999

Woolwich is forming a joint venture with Countrywide Credit Industries, in order to gain access to the US company's loan processing technology and to enable it to securitise some of its mortgages. 18-Feb-1999

Woolwich has announced plans to launch Open Plan Services, which will offer customised banking, free personal financial planning, and access via the phone or internet. 02-Feb-1999

Woolwich is seeking to recruit an additional 150 staff at its Firstplus financial call centre in Cardiff. 01-Jan-1999

Woolwich is selling its 167 estate agency branches to Spicer McColl for £23m, in a deal that Winterthur Life is financing in order to boost its sales of house-related financial services. 11-Nov-1998

Woolwich is looking for suitable mergers and acquisitions to gain access to large customer databases, but is not interested in merging with other mortgage lenders as such deals usually result in lower market share. 06-Aug-1998

Woolwich is to set up a call centre in Clacton-on-Sea that will offer advice on all its banking services, creating 400 jobs. 30-Jun-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

Woolwich Building Society is to go ahead with a £3.2bn flotation, following a vote by members which indicated 95% approval. 12-Feb-1997

Woolwich Building Society is to start providing motor, travel and pet insurance, and will install a general insurance adviser in its 400 branches this year. 16-Jan-1997

Woolwich Building Society is said to be planning to launch a telephone-based retail savings product. 13-Jun-1996

Chesterton International has bought back the Chestertons Residential estate agency business in London from Woolwich Building Society for £8m. 16-Mar-1996

Woolwich Building Society plans to close 25 branches and 30 estate agency offices this year, which will leave it with 425 branches and 150 offices. 23-Feb-1996

Woolwich Building Society has bought Midland Bank's residential mortgage book in France. 24-Jan-1996

Woolwich Building Society has confirmed that it will become a bank, thus giving up its mutual status. 12-Jan-1996

Woolwich Building Society is to pull out of housing development and restructure its European business. 27-Sep-1995



The information on this page comes from the UK Activity Report.
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