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Nationwide Building Society reports first half profit of 307 mln stg
Nationwide expects new PPI charge of 20 mln to 50 mln pounds
Nationwide Building Society Says Mark Rennison To Retire As CFO
Nationwide Building Society is a building society company. The Company's segments include Retail, Commercial and Head office functions. Retail functions include residential lending, specialist residential lending, consumer banking, retail funding (savings products), commercial deposits, which are managed by the retail business, insurance and investments. The Commercial segment includes the commercial lending business, including commercial real estate lending, lending to housing associations and project finance lending. The Company offers a range of financial service products, including, savings, mortgages, current accounts, credit cards, investments and loans. The Company offers personal loans and car loans. It offers current accounts, such as FlexAccount, FlexDirect and FlexPlus. It offers car insurance, home insurance and life insurance. It also offers Internet banking, mobile banking and telephone banking.
Consumer Financial Services
Nationwide House, Pipers Way
David L. Roberts
Non-Executive Independent Chairman of the Board - Elect
Tony P. Prestedge
Chief Executive Officer, Executive Director
Chief Executive Officer, Director
Mark M. Rennison
Group Finance Director, Executive Director
Chief Marketing Officer
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* Lender says technology spending on track (Adds further details)
Britain's Nationwide Building Society reported a 33% fall in profit for the first half of its financial year, as it took a fresh charge for mis-selling insurance products and saw its interest margin fall.
Britain's bellwether mortgage lender, Nationwide Building Society, reported a 21 percent fall in profits for the first nine months of the year after ramping up its investment in digital banking.
Britain's bellwether mortgage lender Nationwide Building Society reported a 21 percent fall in profits for the first nine months of the year, after further ramping up investment in digital banking.
* Interest margin contracts amid fierce mortgage competition (Adds details, quote)
Nationwide Building Society , one of Britain's three biggest mortgage providers, said its profit for the first six months of the financial year fell 17 percent, as it booked a charge for asset write-offs and technology investments.
Nationwide Building Society said on Friday it would spend an additional 1.3 billion pounds ($1.7 billion) on technology, as the British lender works to keep pace with the growing popularity of online and mobile banking.
* Bid for 50 mln pounds of RBS funds aimed at boosting competition
Nationwide Building Society , one of Britain's three biggest mortgage providers, on Tuesday said its annual profit fell 7 percent amid intense competition in the market for home loans.
* Expects net interest margin to fall (Adds further details, quote)
Britain's Nationwide Building Society on Friday reported a 6 percent fall in nine-month statutory pretax profit hurt by lower consumer spending following the UK's vote to leave the European Union.
Britain's Nationwide Building Society said its profit fell 18 percent in the first quarter and the volume of mortgage lending dropped, although it reported strong growth in the number of current account customers.
Britain's Nationwide Building Society said that pretax profit for the first nine months of its financial year fell by 16 percent year on year as increasing competition and low interest rates continued to pressure earnings.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.