London Marathon 2022 will move from traditional April date for third year running August 18, 2021 The London Marathon 2022 has for the third year running moved from its traditional April date. It will take place in October as organisers say they are looking to minimise the impact of the Covid-19 pandemic on the landmark race. Traditionally in April, both the 2020 and 2021 editions of the race had to be [...]
Watchdog warns Monzo and NatWest over banking transaction history breaches June 22, 2021 Britain’s competition watchdog has issued a warning to banks including Monzo and NatWest over breaching rules requiring them to send banking transaction histories to former account holders. Nearly 150,000 customers were not provided with the necessary information quickly enough, the Competition and Markets Authority (CMA) said today. Monzo was responsible for the largest portion of [...]
Virgin Money swings to profit on lower bad loan provisions May 5, 2021 Banking group Virgin Money today said it had improved half-year earnings after setting aside less cash to cover Covid-driven loan losses. The bank reported statutory pre-tax profit of £72m the six months ended 31 March, compared to a £7m loss a year earlier when it hade hefty provisions for potential bad loans. Virgin Money took [...]
Tickets go on sale for second virtual London Marathon February 16, 2021 Tickets go on sale for second virtual London Marathon
Virgin Money adds £18m fresh provisions for troubled loans February 2, 2021 Lender Virgin Money has set aside a further £18m this quarter to protect its balance sheet from potential loan losses, as it reported a “modest” increase in the number of customers needing additional support after exiting pandemic payment holidays. The new £18m this quarter is in addition to £726m the company is holding on its balance sheet [...]
Week in Sportbiz: Fifa spooked into action by Super League talk; Uefa may rip up Euro 2020 plans; London Marathon chiefs eye records January 21, 2021 Is football governing bodies’ ultimate bogeyman the European Super League in danger of actually happening? Fifa and its six confederations, including Uefa, have been sufficiently spooked into warning they will ban any footballer who takes part in a putative breakaway competition from playing in World Cups and their regional equivalents, such as the European Championship. [...]
Virgin Money profit plummets as it takes £501m charge from coronavirus November 25, 2020 Virgin Money has reported a 77 per cent plummet in full-year pre-tax profits as the bank booked a £501m hit from the pandemic. The Clydesdale and Yorkshire Bank owner reported underlying annual pre-tax profits of £124m for the 12 months to 30 September 30 — a sharp from £539m last year. Virgin Money booked a [...]
London Marathon 2020: Ethiophia’s Shura Kitata wins as favourite Kipchoge suffers first defeat since 2013. October 4, 2020 London Marathon 2020: Ethiophia's Shura Kitata wins as favourite Kipchoge fininshes eighth
Virgin Money cancels dividend after £385m PPI hit but shares jump on solid growth November 28, 2019 Virgin Money swung to a £194m loss and suspended its dividend in its latest full-year results, blaming payment protection insurance (PPI) charges and the costs of its £1.7bn merger with Clydesdale and Yorkshire Bank Group (CYBG). The figures The bank fell to a £194m loss before tax after paying out £385m to settle its part [...]
Former Virgin Money boss snubs Bank of England for top Salesforce job August 6, 2019 Former Virgin Money chief executive Dame Jayne-Anne Gadhia has shunned a prospective job at the Bank of England to instead head up the British business of software giant Salesforce. The US tech firm, which is planning to inject $2.5bn (£2.05bn) into its UK business in the next five years, said Gadhia would begin the role [...]