Profits rise for Yorkshire Bank

The Yorkshire and Clydesdale Banks reported a strong rise in profits yesterday as the pair continued their post-crash turnaround. Underlying profits increased 6.9 per cent to £144m in the six months to 31 March. It cut its provisions for bad debts by 39.6 per cent to £55m. Shares in its parent, National Australia Bank, rose 0.89 per cent.