Bradford & Bingley plc
Bradford & Bingley: H1 2006 trading update
Bradford & Bingley, reported that the momentum seen in its last full year results has continued in the first half of the current year. In a trading update released today the bank said that new business volumes have been “very healthy”, credit quality “sound” and that profits were in line with market expectations.
While margins on […]
Bradford & Bingley: FY05 results
Bradford & Bingley reported that pre-tax profits for the year to December 2005(before loss on sale of discontinued operations) rose to £263.5m from £228.7m last year.
There has been a noticeable improvement in H2 with net interest margins widening (H2: 1.24% v H1: 1.19%) although the full year margin (at 1.21%) was slightly weaker than last […]
Bradford & Bingley: Trading statement
Bradford & Bingley (B&B) issued an upbeat trading statement for the financial year 2005. Buoyed by a recovery in the housing market, pre-tax profits are expected to be “comfortably ahead of consensus at the top of the range of analysts’ forecasts” The mean estimate of pre-tax profits is £295.6m and the highest forecast is £306m.
Lending […]
Bradford & Bingley: H1 results
Bradford & Bingley (B&B) reported pre-tax profits of £147.9m, up 6% over last year and in line with expectations. The driver of growth seems to have been cost reduction.
The interest spread has contracted to 1.01 from 1.08 a year ago, presumably due to the tighter lending market. The slowdown in the housing market has resulted […]
Bradford & Bingley: Trading statement
Bradford & Bingley (B&B), reported increased levels of arrears and declining margins in its trading update for the half year to June 2005.
The deterioration of credit quality and the erosion of margins have been experienced by all banks this year and is hardly surprising to find the same problems afflicting B&B, a weaker performer than […]
Bradford & Bingley
Bradford and Bingley’s reported poor results, pre tax and exceptional profits were up 6% to £280.2m. The bank has disposed of its non-core businesses, resulting in a loss on sale of £123.2m. The surplus of consideration over net assets sold of £9.7m was offset by goodwill write-offs of £107.6m and other costs of sale […]
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