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Showing 51 - 60 of 94 results for "UK business"

NAB workers demand profit share after 1172 job cuts

JAMES FERNYHOUGH  |  FRIDAY, 1 NOV 2013
Employees of National Australia Bank (NAB) are calling for a bigger share in the record profits the bank announced yesterday, at the end of a year that saw NAB shed 1172 jobs across all of its operations. In its annual report, NAB yesterday announced ...

NAB delays staff salary increases

LAURA MILLAN  |  FRIDAY, 13 SEP 2013
While ANZ, Commonwealth Bank and Westpac have recently agreed to improve employees' working conditions, National Australia Bank's (NAB's) answer to the Financial Services Union (FSU) demands was "mean and disappointing." The FSU said that NAB offered ...

NAB Wealth flat as bank's profit rises 2%

MARK SMITH  |  TUESDAY, 20 AUG 2013
... the bank's next update," Ellis said. Overall, NAB chief executive Cameron Clyne said an improvement in the bank's UK business and a fall in bad and doubtful debts provided a boost. "In the UK, we continue to deliver against the strategy we outlined in ...

NAB confirms redundancies in wealth division

LAURA MILLAN  |  MONDAY, 12 AUG 2013
National Australia Bank (NAB) has confirmed redundancies in a number of roles within its wealth management division following a strategy to digitalise the business. The bank refused to specify the number of redundancies made effective to date and gave ...

NAB confirms fresh managerial changes

MARK SMITH  |  WEDNESDAY, 17 APR 2013
National Australia Bank (NAB) has confirmed a fresh round of senior executive changes. While the bank would not confirm which executives were offered new positions or how many were effected, it is understood that the changes affected MLC. The changes ...

Big four prepare market for annus horribilis 2013

MARK SMITH  |  WEDNESDAY, 7 NOV 2012
... the only bank to report a significant slide in profit, falling 22% to $4.1 billion, following difficulties with its UK business. But far from celebrating their results, each bank boss referred to tougher economic conditions and higher funding costs at ...

Westpac calm in face of storm

MARK SMITH  |  TUESDAY, 6 NOV 2012
... made but the balance sheet looks much stronger as a result. While NAB faces years carrying the can for its ailing UK business and ANZ chief executive Mike Smith bemoans a tough economic outlook and the threat of looming bad debts, Westpac appears to ...

Triple bypass needed to resurrect NAB's UK business

MARK SMITH  |  THURSDAY, 1 NOV 2012
... Elio D'Amato, chief executive of stock market solutions provider Lincoln Indicators. The underperformance of NAB's UK business was behind the bank's 22% fall in net profit for the full-year to 30 September. With its wealth creation arm performing well ...

Fidelity backs move to empower shareholders

CLAIRE MCGREAL  |  THURSDAY, 19 JAN 2012
... mood of the market; tell us in simple terms what you propose; and let shareholders decide'." The ABC reports that UK Business Minister Vince Cable is due to introduce proposals on the matter later this month.

Market Wrap - Midday

AAP  |  WEDNESDAY, 2 JUN 2010
... insurance margin guidance on Wednesday, following a pre-tax charge of $365 million and an $86 million impairment on its UK business. Other insurers also were down, with Suncorp off 12 cents at $7.93 and QBE down 47 cents to $18.72. "They're really not ...