Alliance & Leicester
From Wikipedia, the free encyclopedia
| Alliance & Leicester plc | |
 |
|
| Type | Public |
|---|---|
| Founded | 1997 |
| Headquarters | Narborough, Leicestershire, United Kingdom |
| Key people | Sir Derek Higgs, Chairman Richard Pym, CEO |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Revenue | £1,468m (2006) |
| Operating income | £585m (2006) |
| Net income | £450m (2006) |
| Employees | 6,262 |
| Website | www.alliance-leicester.co.uk |
Alliance & Leicester plc (LSE: AL.) is a British bank, formerly a building society.
It was formed in 1997 by the flotation of the former Alliance & Leicester Building Society on the London Stock Exchange. It is listed on the FTSE 100. Its headquarters are in Carlton Park, a business park in Narborough, south of Leicester in England.
The group also has premises in Bootle, Manchester, Wigan, Leeds, Ashford and Belfast, and all its contact centres are UK based.
The four business sectors are:
- mortgage lending & investments,
- personal banking,
- commercial banking
- treasury.
The Group provides general insurance, life assurance, unit trusts, personal current accounts and credit cards, asset financing and commercial lending. Its main retail business is in the United Kingdom concentrating on mortgages, current accounts, savings and personal loans. The Group is also endeavouring to expand its commercial operations through ALCB (Alliance & Leicester Commercial Bank). The Group's provision of retail credit cards is through its partner MBNA, and its provision of investments and insurance are through Legal & General, and Zurich respectively.
The former building society was formed by the merger of the Alliance Building Society (originally based in and called the Brighton & Sussex) and the Leicester Building Society on October 1, 1985 [1]. In 1990, the society acquired Girobank, a major banking services provider to small businesses from the Post Office. With other large building societies such as the Halifax and Woolwich, the Alliance & Leicester decided to float the society on the London Stock Exchange, generating windfall payments to members worth up to £5,000 each. Flotation took place on April 21, 1997, and the company entered the FTSE 100.
Alliance & Leicester are the principal sponsors of Leicester City F.C., with the club shirt carrying the logo.
Alliance & Leicester has a subsidiary operating in the international market and based on the Isle of Man.
[edit] Redundancies
On January 26, 2006, Alliance & Leicester announced that they were cutting around 350 jobs from their Merseyside offices, despite being official sponsors of the 2008 European Capital of Culture, Liverpool.
[edit] External links
- Alliance & Leicester website
- Alliance & Leicester International
- Alliance & Leicester Commercial Bank
[edit] References
- ^ http://www.alliance-leicester-group.co.uk/html/general/history.asp#early Early history section of company website
Abbey • Adam and Company • Airdrie Savings Bank • Alliance & Leicester • Allied Irish Bank (GB) • Anglo Irish Bank • Bank of Ireland • Bank of Scotland • Barclays • Birmingham Midshires • Bradford & Bingley • Bristol and West • Cahoot • Cheltenham and Gloucester • Clydesdale • Co-operative Bank • Coutts & Co • Egg • First Direct • First Trust Bank • Halifax • Harrods Bank • HSBC • Intelligent Finance • Islamic Bank of Britain • Julian Hodge Bank • Lloyds TSB • National Savings and Investments • NatWest • Northern Bank • Northern Rock • Royal Bank of Scotland • Sainsbury's Bank • Standard Chartered Bank • Tesco Personal Finance • The Woolwich • Ulster Bank • Yorkshire Bank
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