C&G joins bid trail
Thursday 28 September 1995
A C&G spokeswoman said yesterday that C&G aimed to remain the UK's lowest cost mortgage provider, and that future growth would be both organic and by acquisition: "We are determined to grow, Lloyds Bank is determined to see us grow, and there are too many mortgage lenders around."
C&G passed into Lloyds Bank's ownership in August, when its members were paid the pounds 1.8bn acquisition price . From January to July C&G secured a market share of 5.63 per cent of the UK mortgage market - while at the end of 1994 it secured 4.18 per cent, according to the Council of Mortgage Lenders.
These figures were achieved by C&G offices and do not include any lending done via Lloyds' 1,800 branches, though which its products are now being marketed.
The cost of the transfer to C&G was pounds 18.8m. Underlying profit before bad debts was pounds 162m for the seven months to 31 July, against pounds 257.8m for the 12 months to 31 December 1994.
- 2 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 3 University student in court for allegedly covering housemates' food in window cleaner and spit
- 4 Ryan Gosling posts tribute to 'Ryan Gosling Won't Eat His Cereal' creator Ryan McHenry
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
Garland shooting: Isis claims attack on Prophet Mohamed cartoon contest in Texas as its first action on US soil
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
General Election 2015: Photographic history of Bullingdon Club tracked down - including new picture of David Cameron in his finery
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...