Thursday, August 16, 2007

Knives are out for the Rock

Profit warning fears hit Northern Rock

Northern Rock seems to be a huge contradiction to press releases from the usual VI suspects. We are led to believe that the property market in the main looks reasonable bouyant but Northern Rock at present looks to be suffering. Currently it is now the most shorted banking stock in the sector and most analysts are selling its shares. However, Northern Rock are not alone with Bradford & Bingley, the buy-to-let specialist also taking heavy loses.

Posted by denzil @ 09:21 PM (515 views)
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One thought on “Knives are out for the Rock

  • So unless things pick up it’ll miss it’s target of 15% growth in profits this year? Doesn’t sound like a total disaster to be honest.

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