BNET Industries
Market Cap:$46.4M
Last Fiscal Year Sales:$3.4B
- Public
- UK
Dow Jones Description
Bank
Chief Executive Officer
Gary HoffmanNumber of Employees 5,145
Contact Information
Northern Rock House
Gosforth
Newcastle upon Tyne NE3 4PL
(44) 1912857191
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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A Look At Economic Developments Around The Globe
News & Analysis
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northern rock plc. and virgin group - All News and Analysis
Treasury prepares to consider rival bids for Rock
The Northern Rock crisis will inch a little further towards resolution today, as three bidders for the stricken mortgage bank submit their rescue proposals to the Government. The Treasury, in consultation with the Bank of England and the Financial Services Authority, is expected to spend a week to...
FTSE still weaker.
Profit warnings undermine sentiment Jonas Crosland Leading shares remained in negative territory this morning as investors found very little to cheer about, so by lunchtime the FTSE100 index was sporting a 23.6 point loss at 6,408.9. Mid-cap stocks were equally lacklustre, and the FTSE250...
Northern Rock rivals in dash for finance
BANKING_Virgin, Olivant and JC Flowers in intensive talks as they fine-tune their bids for the ailing lender By Andrew Murray-Watson The battle for control of Northern Rock will intensify this week. Olivant, the investment vehicle run by former Abbey National chief executive Luqman Arnold, is expected...
Long-term planning and short-term mistakes
LEADING ARTICLE THE ECONOMY Could we be seeing the first tentative signs that the damaging saga of Northern Rock is over the worst? Confirmation from the bank that it has chosen the consortium led by Sir Richard Branson's Virgin Group as its preferred buyer makes...
WORLD MARKETS
London The FTSE 100 fell 1.3 per cent to 6,180.5 as fears over credit- related losses besieged banking stocks. Barclays shed 2.6 per cent and Alliance & Leicester lost 4.8 per cent. But Northern Rock jumped 28 per cent after a consortium led by Richard Branson's Virgin Group...
Northern Rock share price rockets as Virgin named preferred bidder
LONDON AFP — Northern Rock's share price surged 57 percent Monday after the troubled British bank named a consortium led by tycoon Richard Branson's Virgin Group as its favoured saviour. The bank decided against making its so-called preferred bidder the British investment firm Olivant Advisors. Private equity groups and...
Northern Rock set to name Virgin as preferred bidder
By David ProsserDeputy Business Editorand Eoghan Williams A consortium led by Sir Richard Branson's Virgin Group is set to be named as the preferred bidder for Northern Rock this morning, as pressure from the Government mounts for a speedy resolution to the crisis. The bid would...
Pressure mounts on Darling as Northern Rock sale gathers pace
By Nic Fildes The Chancellor Alistair Darling is to spell out the Government's position on the future of Northern Rock this week as the pot-ential sale of the beleaguered bank continues to gather pace after 10 bidders expressed interest in taking over the company. Pressure is...
Branson plays white knight in the race to save the Rock
By Danny Fortson Sir Richard Branson has stepped in with a brazen rescue plan for Northern Rock, backed by a consortium of international financial heavyweights that includes former Royal Bank of Scotland chairman Sir George Mathewson and the renowned American turnaround artist Wilbur Ross. Sir Richard's...
Richard Branson's Virgin Group offers to rescue Northern Rock
LONDON AFP — Virgin Group -- controlled by British billionaire Richard Branson -- on Friday spearheaded an international consortium offering to rescue troubled bank Northern Rock and rebrand it under the Virgin name. However the consortium, which includes US and Asian investment groups, has demanded that it should not...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Gary Hoffman | Chief Executive Officer |
| Ann F. Godbehere | Chief Financial Officer |
| David Frank Baker | COO |
| Carl Flinn | Managing Director Treasury and Corporate Finance |
| Dave Jones | Managing Director Finance |
| A.M. Kuipers | Director, Sales & Marketing |
| Andy McClean | Assistant Director, Securitisation |
| Antony Swalwell | Operational Director, Funding and Liquidity |
| Brian Giles | Director, Corp Relations |
| D. Jones | Deputy Director, Finance |
| D.H. Noble | Director, Institutional Relations |
| D.W. Henderson | Director, Advertising |
| Derek Robinson | Assistant Director, Derivatives, Fixed Income and Credit |
| Ian Wallace | Assistant Director, Risk Management |
| J.A. Armstrong | Director, Corp Relations |
| K. Dunwoodie | Director, IT, Operations |
| K.R. Barry | Director, Commercial |
| Kent Atkinson | Senior Independent Director |
| L. Griffin | Director, Personnel |
| Lesley-Anne Rawcliffe | Assistant Director, Funding and Liquidity |
| Mark Dormer | Operational Director, Treasury Operations |
| Phil Horner | Operational Director, Derivatives, Fixed Income and Credit |
| Phil Robinson | Assistant Director, Securitisation |
| Angela Buck | Manager, Treasury Settlements |
| Nancy Irwin | Securitisation Manager |
| Tony Laggan | Manager, Treasury Settlements |
| Colin Taylor | Secretary |
| Emma Gibbon | Trainee Dealer, Funding and Liquidity |
| Simon Beverley | Assistant Dealer, Funding and Liquidity |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Ron Sandler | Non-Executive Chairman |
| Bob Bennett | Board of Directors |
| Bob Davies | Board of Directors |
| Derek Wanless | Board of Directors |
| George Russell | Board of Directors |
| John Devaney | Board of Directors |
| Laurie Adams | Board of Directors |
| Michael James Queen | Board of Directors |
| N.A.H. Fenwick | Board of Directors |
| Nichola Pease | Board of Directors |
| Philip Remnant | Board of Directors |
| Richard Coates | Board of Directors |
| Simon Laffin | Board of Directors |
| Tom Scholar | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Chief Executive Officer | Current |
| Barclays | Vice Chairman | Current |
| Barclays PLC | Group Vice Chairman | Current |
| Trinity Mirror plc | Director | Current |
| Northern Rock PLC | Board of Directors | Current |
| Barclays PLC | Executive Director | Former |
| Barclaycard | Chairman | Former |
| The University of Northampton | Doctorate | Former |
Ann F. Godbehere was elected to the BoD at the AGM 2009. She is a member of the audit committee and of the corporate responsibility committee. Ann F. Godbehere was appointed CFO and executive director of Northern Rock in February 2008, serving in these roles during the initial phase of the business’ public ownership – she left at the end of January 2009. Prior to this role, she served as CFO of Swiss Re Group from 2003 to 2007. Ms. Godbehere was CFO of the Group’s Property and Casualty division in Zurich for two years, prior to serving as CFO of the Life & Health division in London for three years. From 1997 to 1998, Ms. Godbehere was CEO of Swiss Life & Health in Canada, before which, in 1996 and 1997, she was CFO of Swiss Life & Health, North America. Since 2003 she is a fellow of the Certified General Accountants Association of Canada. Ms. Godbehere was born on 14 April 1955. She is a citizen of both Canada and the UK. Ann F. Godbehere is a non executive director of Prudential Plc. She is on the Board of the Lloyd’s managing agency Atrium Underwriters Group Ltd., which was acquired in 2007 by Ariel Holdings, the insurance company, of whose board she is also a member.
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Chief Financial Officer | Current |
| Northern Rock PLC | Board of Directors | Current |
| UBS AG | Board of Directors | Current |
| Swiss Reinsurance Company | CFO | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | COO | Current |
| Neeb Corporation | Chairman | Current |
| Launch Pad North East | Chair | Current |
| Northern Rock PLC | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Managing Director Treasury and Corporate Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Managing Director Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Sales & Marketing | Current |
| Northern Rock PLC | Board of Directors | Current |
| Northern Rock PLC | Director, Sales & Marketing | Former |
| TriState REALTORS Commercial Alliance | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Assistant Director, Securitisation | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Operational Director, Funding and Liquidity | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Corp Relations | Current |
| Northern Rock PLC | Director, Corp Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Deputy Director, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Institutional Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Assistant Director, Derivatives, Fixed Income and Credit | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Assistant Director, Risk Management | Current |
| Northern Rock PLC | Assistant Director, Risk Management | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Corp Relations | Current |
| Northern Rock PLC | Director, Corp Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, IT, Operations | Current |
| Northern Rock PLC | Director, IT, Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Commercial | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Senior Independent Director | Current |
| Millicom International Cellular S.A. | Senior Independent Director | Current |
| telent plc | Chairman | Current |
| Millicom International Cellular S.A. | Board of Directors | Current |
| Standard Life Assurance | Board of Directors | Current |
| Northern Rock PLC | Board of Directors | Current |
| Lloyds TSB Group plc | Chief Financial Officer | Former |
| Cookson Group plc | Senior Independent Director | Former |
| Lloyds Tsb Bank Plc | Group Finance Director | Former |
| Standard Life Assurance | Non-Executive Director | Former |
| Lloyds Bank | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Director, Personnel | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Assistant Director, Funding and Liquidity | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Operational Director, Treasury Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Operational Director, Derivatives, Fixed Income and Credit | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Assistant Director, Securitisation | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Manager, Treasury Settlements | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Securitisation Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Manager, Treasury Settlements | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Trainee Dealer, Funding and Liquidity | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Assistant Dealer, Funding and Liquidity | Current |
| Organization | Position | Status |
|---|---|---|
| Ironshore Technical Services, Inc. | Leader | Current |
| Northern Rock PLC | Non-Executive Chairman | Current |
| Computacenter plc | Chairman | Current |
| Oxygen Insurance | Chairman of Computacenter Plc | Current |
| Fortis, Inc. | Director | Current |
| Ironshore Technical Services, Inc. | Board of Directors | Current |
| Fortis N.V. | Board of Directors | Current |
| Palamon Capital Partners, LP | Chairman of Computacenter, Oxygen | Former |
| Stanford University | MBA | Former |
| Cambridge University | MA in engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Greggs Plc | Board of Directors | Current |
| Redrow plc | Board of Directors | Current |
| Northern Rock PLC | Group Finance Director | Former |
| Expro International Group Plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Arriva plc | CEO | Current |
| Biffa Plc | Chairman | Current |
| Northern Rock PLC | Board of Directors | Current |
| University of Sunderland | Board of Directors | Current |
| British Energy Group plc | Board of Directors | Current |
| Arriva plc | Board of Directors | Current |
| Barratt Developments Plc | Board of Directors | Current |
| Arriva plc | Chief Executive | Former |
| Barratt Developments Plc | non-executive director | Former |
| Edinburgh University | Llb In Law and Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bizzenergy Limited | Founder | Current |
| Nat&S Corporation | Chairman | Current |
| Tersus Energy Plc | Chairman | Current |
| Bizzenergy Limited | Chairman | Current |
| Geniant LLC | Director | Current |
| Northern Rock PLC | Board of Directors | Current |
| Perkins Engines Company Ltd. | President | Former |
| Exel plc | Chairman | Former |
| Exel plc | Director | Former |
| HSBC Bank plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Compliance LLC. | Managing Director | Former |
| Allen & Overy Llp | Solicitor | Former |
| Organization | Position | Status |
|---|---|---|
| 3i Group plc | Executive Director | Current |
| Northern Rock PLC | Board of Directors | Current |
| 3i Group plc | Board of Directors | Current |
| 3i International Holdings | Board of Directors | Former |
| 3i Investments plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| New College | MA In Law | Former |
| Organization | Position | Status |
|---|---|---|
| Police Mutual Assurance Society Limited | Board of Directors | Current |
| Northern Rock PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| Find A Pub | Board of Directors | Current |
| Safeway Plc | CFO | Former |
| Safeway Plc | Property Director | Former |
| Cambridge University | MA In Economics, Social & Political Sciences | Former |
| Organization | Position | Status |
|---|---|---|
| Northern Rock PLC | Board of Directors | Current |
| The World Bank | Executive Director | Former |
| International Monetary Fund | Executive Director | Former |
| HM Treasury | Managing Director | Former |
| Volume | 400 |
| Shares Outstanding | 3.5M |
| Market Cap | 46.4M |
| Year High | 14.76 |
| Year Low | 10.16 |
| Earnings Per Share | 0.90 |
| P/E Ratio | 14.7222 |
| Dividend | 0.738 |
| Yield | 5.5698 |
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