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Leeds & Holbeck considers name change

Leeds & Holbeck Building Society is considering dropping Holbeck from its name.

The move is being contemplated because while Leeds is fast gaining a reputation as a financial centre, Holbeck’s status has been reduced to that of its neglected southern suburb.

The society acknowledges its historic links with Holbeck, but is concerned that the name means little outside Yorkshire.

Leeds & Holbeck, which is the ninth-largest building society in Britain, increased its mortgage lending by 48 per cent in the first six months of this year.


Leeds & Holbeck numbers are up

Leeds & Holbeck Building Society has announced record pre-tax profits of £13.1m for the first six months of this year. Customers’ savings increased to £2.8bn, an increase of eight per cent. Despite evidence of a slowdown in the housing market, new mortgage lending rose to £359m, an increase of 48 per cent on the same […]

Employers need advice

For the vast majority of employers, the days when it was possible to ignore pension provision are numbered. By October 8, 2001, all employers should have carried out an audit of their pension provision. Failure to comply with the new requirements could result in a fine from Opra. The safest approach for any employer is […]

Fund Manager captures Prudential pension mandate

Deutsche Asset Management, which manages £362 billion in assets worldwide, has captured half Prudential’s UK pension fund equity mandates. Earlier this year the fund manager paid an undisclosed sum for the right to bid for the mandates, after Prudential decided to pull out of the segregated sector, which it believes is no longer profitable. Having […]

Mortgage 2000 online site can&#39t meet guarantee

Mortgage 2000 online site, Moneysupermarket, is facing difficulties meeting its 48 hour offer guarantee which it launched two weeks ago. The site makes lenders bid for customers&#39 business, but due to overwhelming demand, it has had to admit some applications are taking up to 12 hours longer to process than they are supposed to. Nearly […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]


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