BANK PROFIT GROWS BY 9%.Byline: by NEIL HODGSON Neil Hodgson (born November 20 1973 in Burnley, Lancashire) is a motorcycle racer who won the 2000 British Superbike championship and the 2003 Superbike World Industry Reporter SANTANDER, the Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. parent group of Alliance & Leicester Leicester (lĕs`tər), city (1991 pop. 324,394) and district, Leicestershire, central England. The city is connected by canals with the Trent River and London, and it is also a railway center. , reported a 9% jump in pre-tax profits of pounds 7.85bn for the year to December 31 today. It bought A&L, including its Bootle commercial bank site, which employs about 2,000 staff, for pounds 1.3bn last year, so A&L's figures form part of the parent group's report. But A&L will reveal its performance as part of the UK division next year in the 2009 results, along with Santander's Abbey and Bradford & Bingley subsidiaries. A group spokesman said the integration of A&L into Santander was proceeding, including axing 1,900 jobs from the three UK divisions in the coming year. It is thought up to 250 jobs could disappear at Bootle through voluntary and natural wastage natural wastage Noun Chiefly Brit a reduction in the number of employees through not replacing those who leave, rather than by dismissing employees or making them redundant natural wastage n (INDUSTRY . Today's figures show an "excellent" full year in "unprecedented markets" for the UK arm, including the fourth quarter of Bradford & Bingley. Pre-tax profits were up more than 20% to pounds 991m and nearly pounds 14bn of additional net lending in mortgages and small firms was reported. Today's update said: "We have been a consistent mortgage lender throughout the year by continuing to offer a full range of competitive deals. "While others have withdrawn from the market, we have remained open for business. "We have increased lending to UK small businesses reflecting our desire to grow in this market." The UK arm now has 20 new corporate banking centres linked to the A&L acquisition, including one of its first in Liverpool. |
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