Newspaper article The Journal (Newcastle, England)

Abbey Loses Big Market Share

Newspaper article The Journal (Newcastle, England)

Abbey Loses Big Market Share

Article excerpt

Banking giant Abbey National said yesterday that its share of the UK mortgage market had fallen by more than a quarter as borrowers went elsewhere.

Abbey's share of the net lending market ( which strips out repayments ( fell to 4.4pc in the third quarter.

It had posted a figure of 6.1pc at the end of the July.

Unilever deals fresh blow

CONSUMER products group Unilever dealt a fresh blow to investors yesterday by revealing that sales of its top 400 brands had shrunk by 1pc in the third quarter.

The Anglo-Dutch group, whose products include Magnum ice cream, Lipton Ice Tea and Hellmann's mayonnaise, also announced that it was reviewing its targets as far ahead as 2010.

First choice is far away

TOUR operator First Choice Holidays yesterday hailed its increased focus on long-haul holidays as it reported a surge in early bookings.

The group, whose brands include Unijet, Falcon and Sovereign, said the move had helped it record a 20pc hike in bookings for next summer and a 7pc increase in reservations for this winter. …

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