Northern Rock reports reduced losses

British nationalised lender Northern Rock said it expects to make a profit during next year after reporting reduced half-year losses today.

Northern Rock reports reduced losses
Wed, 03 Aug, 2011 - 08:55

British nationalised lender Northern Rock said it expects to make a profit during next year after reporting reduced half-year losses today.

The bank also confirmed it had received indicative offers from interested parties since Chancellor George Osborne announced in June his decision to put Northern Rock up for sale.

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