Woolwich denies flotation plan

Woolwich denies flotation plan

Woolwich Building Society comprehensively denied reports yesterday that it plans to float on the stock market and convert to bank status, despite sources both inside and outside the society expecting it to do just that. "The Woolwich continually reviews its strategic options as a matter of policy, but it has made no decision to pursue conversion," the statement said. The board meet to consider the move next month.