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The Abbey National Building Society became the first of the United Kingdom building societies to demutualise, and became a public limited company as Abbey National plc on 12 July 1989. It was floated on the London Stock Exchange at £1.30 per share, resulting in an unusually large number of small shareholders – approximately 1.8 million ...
Bradford & Bingley plc was a British bank with headquarters in the West Yorkshire town of Bingley.. The bank was formed in December 2000 by demutualisation of the Bradford & Bingley Building Society following a vote of the building society's members, who swapped their nominal share of the building society for at least 250 shares of the newly formed bank.
The National & Provincial Building Society was a mutual building society based in Bradford, England. It was established in 1982 by a merger between the Provincial Building Society and the Burnley Building Society. On 5 August 1996, Abbey National took over the National & Provincial. [1]
The Abbey National was the first society to demutualise in July 1989.. In the 1980s, changes to British banking laws allowed building societies to offer banking services equivalent to normal banks.
The mortgage industry of the United Kingdom has traditionally been dominated by building societies, the first of which opened in Birmingham in 1775. [1] But since the 1970s, the share of new mortgage loans market held by building societies has declined substantially. Between 1977 and 1987, the share fell drastically from 96% to 66%, and that of ...
Alliance & Leicester plc was a British bank and former building society, formed by the merger in 1985 of the Alliance Building Society and the Leicester Building Society. The business demutualised in the middle of 1997, when it was floated on the London Stock Exchange .
It was initially a building society and later also an estate agent. Its headquarters was in London. Also known as Abbey, it was formed by the merger of the Abbey Road Building Society with the National Building Society. In 2010 it was subsumed into Santander UK. AbbottVision — is a film and TV production company.
Abbey National building society offers free shares to its 5,500,000 members. 14 January – Muslims demonstrate in Bradford against The Satanic Verses, a book written by Salman Rushdie, burning copies of the book in the city streets. 19 January – Unemployment fell by 66,000 in December, to a nine-year low of just over 2 million.