Prudent Newcastle Surges to Pounds 18 Million ; Finance

Summary

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FOR years it has played second fiddle to its testosterone- fuelled Geordie neighbour Northern Rock. But today Newcastle Building Society was able to crow about the success of its old- fashioned, prudent, lending traditions.

With Rock nationalised, bailed out to the tune of Pounds 55 billion and planning massive redundancies in the city, Newcastle today boasted about how it had hired more than 200 staff in the past year.

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Prudent Newcastle Surges to Pounds 18 Million ; Finance

Unlike Rock's Adam Applegarth, who aggre...

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