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Peter Rowley, chief executive of Darlington Building Society, said: "Market conditions during 2003 were challenging for financial firms, but our policy of concentrating upon satisfying the needs of local people for popular savings, mortgage and housing services was rewarded by a record performance, and demand for our products and services is continuing at high levels this year to date.
Mr Rowley said: "Market conditions during 2003 were challenging for financial firms but our policy of concentrating upon satisfying the needs of local people for popular savings, mortgage and housing services was rewarded by record performance.
Chris Ogiemwonyi, the Group General Manager of the National Petroleum Investment Management Services (NAPIMS), a subsidiary of NNPC, argues that the majors are spending too much time on drilling appraisal and development wells, rather than concentrating upon exploration wells in order to identify new reserves.
The allegations were made in a letter from Bell to Savill, dated February 8, referring to a lunch the previous April, in which Bell recalls, "your conversation concentrating upon reaching some arrangement without John Brown and William Hill in order that negotiations could be made much easier.
Today, in addition to traditional sources, institutions are concentrating upon the gathering of assets in trusts and investment accounts.