Virgin Money warns of ‘headwinds’ from interest rate cuts from oneview virgin mobile Watch Video
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⏲ Duration: 0:54 👁 View: 16.6M times ✓ Published: 13-Jun-2024
Description: Virgin Money has warned of “headwinds” from interest rate cuts and said it will face cost pressures as it pauses some restructuring efforts ahead of its £2.9 billion takeover. The high street lender – which agreed in March to be bought by rival Nationwide Building Society – reported an 18 per cent rise in pre-tax profits to £279m for the six months to March 31.