Rock sale fever quelled

THE Chancellor has promised he is in “no hurry” to sell Northern Rock after claims thousands of jobs could be lost in a rushed sale.

Rock’s ‘on the way to revival’

NORTHERN Rock is on course for recovery despite the problems of the wider economy, the bank’s executive chairman revealed yesterday.

Rock chiefs weigh up DIY rescue

THE board of Northern Rock is considering an in-house rescue, it was said yesterday.

Rock staff ‘close to heart’ of boss

A NEW chief executive was installed at Northern Rock yesterday and said he hoped the bank would continue to be a major employer in the North-East.

Support growing for rival Rock bid

WEIGHT was growing behind a rival bid for Northern Rock last night after two shareholders’ groups gave it their backing.

Options all open on Rock – Brown

THE Government has not ruled out the prospect of nationalising Northern Rock if a suitable sale is not agreed by February.

Northern Rock staff get pay rise

WORKERS at troubled Northern Rock were last night awarded a 4% pay increase and bonus for their efforts during the three-month crisis.

Our offers remain on table, say rivals

FOUR rival firms fighting Virgin Money’s bid to take over Northern Rock last night said their offers remained firmly on the table.

Virgin’s ‘too low’ Rock bid slammed

NEWCASTLE-BASED Northern Rock’s biggest shareholder is hoping for an improved offer for the lender after querying the value of the salvage bid led by Sir Richard Branson’s Virgin Group.

Shares see-saw after Rock news

AS has frequently been the case in recent weeks, Northern Rock dominated news headlines as the consortium led by Virgin was named as the preferred bidder after winning favour with both Northern Rock and the Government.

Virgin pledges to make Rock solid

VIRGIN bosses last night outlined their commitment to securing jobs at Northern Rock, paying back the Bank of England’s billions and protecting the charity work of the Northern Rock Foundation.

Monday lunchtime's business news

Virgin won't cut at Rock / Oil close to $100 mark / Biffa cool on takeover talk

Monday morning's business news

Virgin plans for Northern Rock / Gordon Brown's plans for business / Pay only set to rise by 3%

Virgin has "no plans" for Rock job cuts

Preferred Northern Rock bidder Virgin has revealed it has no plans to make any ``material reductions" to the bank’s 6,000-strong workforce and will keep the bank’s headquarters in Newcastle.

Are you the Rock’s angel, Sir Richard?

A CONSORTIUM led by Sir Richard Branson’s Virgin Group is today set to be named as the preferred buyer for Northern Rock.

Are you the Rock’s angel, Sir Richard?

A CONSORTIUM led by Sir Richard Branson’s Virgin Group is today set to be named as the preferred buyer for Northern Rock.

Rock rescue talks

TROUBLED mortgage lender Northern Rock said today its advisers had begun talks with “a number” of interested parties over rescue plans for the business.

Buyers may get benefit of loans

CHANCELLOR Alistair Darling is understood to be working on plans to allow Northern Rock’s rescue loan to be extended to any buyer of the crisis-hit Newcastle bank.

Buyers may get benefit of loans

CHANCELLOR Alistair Darling is understood to be working on plans to allow Northern Rock’s rescue loan to be extended to any buyer of the crisis-hit Newcastle bank.

Five Rock chiefs to go as sale bidders line up

NORTHERN Rock chairman Adam Applegarth has announced he is stepping down from the bank as bidders prepare for a takeover battle.

Rock bidders face final day

TODAY is the final date for bidders to put forward rescue proposals for beleaguered mortgage lender Northern Rock.

Bank's future may be decided soon

THE future of mortgage lender Northern Rock will come a step closer to being decided today as the group weighs up rescue proposals for its crisis-hit business.

High stakes in the race for the Rock

As a fourth bidder emerges for the troubled Northern Rock, concerns continue over just what future role the bank will have in the North-East.

Leading figure enters list to take over Rock

A MAJOR figure in the banking world has entered the bidding process to take over stricken Northern Rock – and is said to want the business to stay independent in the North-East.

Rock denies it’s to cut 2,000 jobs

NORTHERN Rock bosses last night denied reports they may have to cut 2,000 jobs because of a slowdown in new business.

Virgin cash injection for Rock rescue plan

SIR Richard Branson’s Virgin group is planning to inject up to £1.5bn into crisis-hit Northern Rock as part of a possible rescue deal for the bank, reports have said.

Tuesday morning business bulletin

Northern Rock bosses face grilling; Sir Richard Branson to rebrand US venture; Fashion house Burberry sees sharp profits rise; Oil prices reach further record highs.

Bank directors face questioning by MPs

AN influential Commons committee will today quiz Northern Rock bosses as North-East MPs stressed the future of jobs and the Northern Rock Foundation are “absolute priorities”.

Deal unlikely to help bank's shareholders

SHAREHOLDERS at Northern Rock could be left with nothing – even if one of the three parties reported to be interested in the bank can secure a deal.

Monday morning business bulletin

Northern Rock confirms talks with a number of suitors; Market opens to sluggish start; Builders' merchant Travis Perkins to weather early signs of slow down in the market.

Bidders open talks on Rock

BELEAGUERED mortgage lender Northern Rock today confirmed talks with a number of potential suitors over a possible rescue deal but warned that discussions were at “a very early stage”.

Virgin makes a bid for the Rock

SIR Richard Branson last night confirmed his Virgin Group wants to buy Northern Rock, lock, stock and barrel.

Virgin Group confirms Northern Rock interest

Sir Richard Branson’s Virgin Group has confirmed interest in a potential rescue of crisis-hit mortgage lender Northern Rock.

Virgin confirms interest in Northern Rock

Virgin Group today confirmed interest in a potential rescue for Northern Rock, including a move to rename the business under its Virgin Money brand.

Friday lunchtime business bulletin

London market's drive to seven-year high comes to a halt; The Food & Drink Group remains confident despite summer washout; Nuclear debate moves closer to conclusion.

Branson eyes Northern Rock

Sir Richard Branson’s Virgin Group is reported to be the latest suitor eyeing a move for crisis-hit Newcastle-based bank Northern Rock.

Friday morning business bulletin

Richard Branson's Virgin Group linked to Northern Rock takeover; Woolworths warns of toy shortage; Bovis Homes makes £25.7m acquisition.

Freddie: Lay off Vaughan

England all-rounder Andrew "Freddie" Flintoff said that Michael Vaughan was entitled to celebrate with a few drinks after he became the nation's most successful captain.

Staff e-break

A financial services company has brought in an "e-break" which allows all staff to surf the net.

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