Northern Rock results due out this week

Forecasts are that losses of around £230 million will be announced ; a cost-cutting programme inc back off services as a prelude to a sell off; perhaps the gloves will come off as they step up efforts to gain new customers (90% mortgages were re-introduced recently) ; and the appointment of Morgan Stanley (no doubt for sky high fees) to oversee privatisation of the bank that was taken from us.