The boss of Newcastle Building Society has says its latest half yearly results represent a “strong set of numbers” despite significant economic uncertainty. Gross mortgage lending in the six months to the end of June was £448m, down from £483m in the the same period of 2021. Underlying operating profit increased to £14.2m from £13.3m but pre-tax profit was down from £15.9m to £14.2m...
Newcastle and Manchester building societies in talks over potential merger
Newcastle Building Society is in talks to take over Manchester Building Society, it has been announced. The two organisations have entered into an exclusivity agreement to explore the possibility of a merger that would see Manchester Building Society’s ‘engagements’ transferred to the Newcastle organisation. In a statement to the Stock Exchange, the building societies said a merger could only...
Milner signs one-year Liverpool extension after rejecting offers from Aston Villa, Newcastle and MLS
The veteran midfielder has committed to fresh terms at Anfield after making another important contribution to Jurgen Klopp’s squad in 2021-22 James Milner has signed a one-year contract extension at Liverpool after rejecting offers from Aston Villa, Newcastle and a number of MLS clubs. Milner initially arrived at Liverpool on a free transfer from Manchester City in 2015, and has since made...