Virgin Money’s largest investor slams board for £2.9bn Nationwide deal May 12, 2024 Virgin Money's largest independent investor has slammed the bank's board for accepting a bid from Nationwide, saying it is "likely to sell shareholders very short".
Nationwide called out over ‘sneaky’ tactics in £2.9bn Virgin Money deal May 6, 2024 A senior figure in the House of Lords has accused Nationwide of using "sneaky" tactics in its £2.9bn bid to buy Virgin Money.
Mark Kleinman: BHP’s Anglo bid, Getir’s lack of delivery and what next for Nationwide May 2, 2024 Mark Kleinman is Sky News’ City Editor and writes a weekly column for City A.M., this week on the bid for Anglo American, Getir’s struggles and Nationwide’s Virgin Money takeover Anglo can’t bank on a full-blown auction It’s the opportunity Mike Henry has been waiting for. Four years after assuming control of BHP, his moment [...]
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks May 1, 2024 Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
UK house prices drop due to ‘affordability pressures’ and soaring mortgage costs May 1, 2024 Nationwide's latest House Price Index showed that while the cost of property fell month-on-month, the annual rate of change slowed too.
Nationwide wins current account switching battle with record 163,000 customers after £200 offer April 25, 2024 Nationwide stormed ahead of its rivals by setting a record for UK current account switches in the final three months of last year, according to new data, as intense competition for deposits among lenders continues into 2024.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
Nationwide turns to AI after adverts starring Dominic West banned April 10, 2024 Nationwide has turned to AI in a bid to avoid any further entanglements with a UK watchdog after its adverts starring Dominic West were banned for being misleading.
Are house prices going to fall? Is this the end of buy-to-let? What’s going on in the housing market? April 7, 2024 The UK property market confounded expectations last year, only falling by two per cent. With rate cults looking likely, will it rally again?
Nationwide branch ads starring Dominic West banned by watchdog as misleading April 3, 2024 Adverts for Nationwide starring actor Dominic West have been banned by the advertising regulator for misleading consumers that the lender would not close branches like its rivals.