|Bid||155.00 x 0|
|Ask||0.00 x 0|
|Day's range||164.80 - 164.80|
|52-week range||129.50 - 171.90|
|Beta (5Y monthly)||0.10|
|PE ratio (TTM)||0.05|
|Earnings date||29 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Britain's Nationwide Building Society has offered redundancy packages to around 200 staff with a view to around 100 accepting the offers, a source familiar with the matter told Reuters on Monday. The bellwether mortgage lender, which has around 17,000 staff, is hoping enough of them will volunteer for the redundancy programme, otherwise it will begin making layoffs early next year, the source said on condition of anonymity. "As a result of the low interest rate environment and the impact of COVID-19, we are currently consulting on potential redundancies with a number of individuals," a spokeswoman for the lender said.
Britain's Nationwide Building Society <POB_p.L> will no longer be able to offer customers above-market savings rates, it said on Friday after setting aside more cash to cover a likely spike in loan losses because of the coronavirus pandemic. The bellwether mortgage lender booked a 101 million pound ($124.6 million) hit from expected credit losses and will focus for now on maintaining capital reserves after profit for the year to April 4 fell 44% to 466 million pounds. Among these is its goal of delivering more than 400 million pounds in financial benefits to customers through better pricing on the likes of savings deposits.
Metro Bank has promised to pay out over £10.5m in refunds after breaching rules about unplanned overdraft alerts.