Nationwide Building Society has won the award for The Most Responsible Credit Card Lending Practices at The Card & Payments Awards 2011. This is the fourth consecutive occasion the firm has won the award, the first time any firm has achieved such a feat. Nationwide was also shortlisted in the Best Security or Anti-Fraud category. [...]
Nationwide has signed a new agreement with existing protection and investments partner, Legal & General, to provide Retail Distribution Review compliant investment products and services, until 2016. The mutual says the deal forms a key element of its strategy to become the leading High Street provider of quality financial advice, and around 150 new jobs [...]
Nationwide is closing 13 branches, in a weeding out of its unprofitable High Street operations. The following branches in London will close: Blackheath, Burnt Oak, Catford, Greenwich, Hendon, Kentish Town, Lewisham, Peckham, Walworth and Woolwich, leaving 103 Nationwide branches across the Greater London area and 120 inside the M25. In addition, the Nationwide branch in [...]
Nationwide Building Society has announced the appointment of Robert Gardner to the position of chief economist. Gardner succeeds Martin Gahbauer, who spent more than three years at Nationwide. His new post with the building society makes him the key spokesman for Nationwide’s House Price and Consumer Confidence indices, as well as other matters concerning economic [...]
The latest Nationwide Consumer Confidence Index saw a moderate rise in December, after three consecutive months of decline. Consumer confidence rose to 53, off-setting November’s fall, but it remains significantly below the trend average of 81. The Spending Index, now at 90, remains robust, even during a time of generally downbeat sentiment as the country [...]
The Nationwide Consumer Confidence Index recorded a decline in consumer confidence during November, the third month in a row this has occurred. Consumer confidence fell seven points to 45, the lowest level since March 2009. The Spending Index slumped by 13 points to 79, having previously increased by six points in October. The Present Situation [...]
Nationwide Building Society has reported its interim financial results for the first six months of the financial year, including underlying profit of £147m. This is a rise of £30m from the £117m made during the same period last year. Nationwide also made pre-tax profits of £259m during the first six months of the year, more [...]
Consumer confidence has steadied in October after a series of falls, according to the Nationwide Consumer Confidence Index. In October consumer confidence dropped by a single point to 52, although confidence about the future continues to weaken as the Expectations Index fell by four points to 70. The Expectations Index now stands at its lowest [...]
September saw consumer confidence decline in all major categories, according to the Nationwide Consumer Confidence Index. Consumer confidence fell by nine points to 53, wiping out the five point rise seen in August. Meanwhile the Spending Index saw its largest September fall, down 14 points to 85, the lowest level since late 2008. The Expectations [...]
The Nationwide Consumer Confidence Index has recorded rising confidence for the first time in several months, with confidence rising five points to 61. The Expectations Index improved particularly well, rising by seven points to 84, and Spending confidence rose by four points to 98, bouncing back from the fall in July. Confidence about the future [...]
The latest Nationwide Consumer Confidence Index has revealed that consumer confidence fell 7 points in July, to 56. This is the third consecutive time the monthly index has seen consumer confidence fall. The Expectations Index saw an even heftier fall, down 13 points, continuing a trend which began in February of this year. The Bank [...]
The Nationwide Consumer Confidence Index fell in June, for the second consecutive month, to stand at just 63. In June, only the Present Situation Index rose with the Expectations Index and Spending Index falling to recent lows (the lowest since May and January 2009 respectively). The Expectations Index has declined every month since February, to [...]
Nationwide is to take a back seat in any further consolidation in the building society sector, The Independent has reported. Since the onset of the credit crisis, the UK’s largest building society has absorbed Derbyshire and Cheshire societies and acquired certain assets from Dunfirmline, when it came close to collapse in March of last year. [...]
Nationwide is expected to end its sponsorship of the England football team. According to reports, the building society’s offer of £20 million, to extend its eleven-year relationship with the team for a further four years, has been turned down by the FA. It is also understood that sponsorship deals with the Welsh, Scottish and Northern [...]
The UK subsidiary of Unisys Corporation has completed a database consolidation initiative with Nationwide Building Society that will provide the financial institution with significant savings in energy and operational costs by 2012. The move is core to Nationwide’s Data Centre Transformation initiative and involves the transfer of 600 production databases and 170 systems from increasingly [...]
Consumer confidence slumped by 10 points in May, according to the Nationwide Consumer Confidence Index. The Spending Index was unchanged, but the feelings of confidence in the present and future situations declined during May. The Expectations Index fell sharply, down 12 points, with 22% of those surveyed stating they believe that the situation will be [...]
Nationwide Building Society has reported that it made an underlying profit of £212m for the year ended 4 April 2010, with statutory pre-tax profits of £341m. Before provisions are taken into account Nationwide recorded an underlying profit of £811m. The building sosicety’s capital ratios remain good, standing at 12.2% for the Core Tier 1 ratio [...]
Nationwide Building Society has announced that its new advertising campaign will feature characters from the cult sketch show Little Britain. The adverts will feature comedy duo Matt Lucas and David Walliams and run from 16 May to 12 July under the slogan “Nationwide. Proud to be different”. The first of three commercials will feature Matt [...]
Nationwide Building Society’s latest Consumer Confidence showed a marginal rise in confidence, up by one point to 74 in April, 23 points higher than the same time last year. Interestingly, faith in the future declined for the second consecutive quarter but at the same time confidence in the present situation improved. The Expectations Index stood [...]
