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Clydesdale owner: Too early to judge prospect of referendum

David Duffy, chief executive, Virgin Money By Scott Wright THE chief executive of Clydesdale Bank owner Virgin Money has declared that it is “too early to tell” whether a further referendum on Scottish independence would affect business investment and the economic recovery from coronavirus. David Duffy’s comments came as the bank reported underlying profits had more than doubled in the first half as it cut provisions for bad debts arising from coronavirus. Shares fell nearly six per cent in early trading before rallying later in the day, closing down 2.4p at 198.3p. The Virgin results were unveiled on the eve of today’s Scottish election, with polls varying as to the extent of an SNP expected win.

United kingdomCity ofAlison roseJohn mooreClifford abrahamsBrewin dolphinDavid duffyLloyds banking groupNatwest groupRoyal bankVirgin moneyஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்அலிசன் உயர்ந்ததுஜான் மூர்ப்ரெவின் டால்பின்

More community radio stations prepare DAB bids

More community radio stations prepare DAB bids Three community radio stations have teamed up with Niocast and the Dee Radio Group to submit applications in the second round of Ofcom’s small-scale DAB rollout. The HitMix (Stoke & Newcastle), Beat Radio (Preston) and Halton Community Radio (Warrington, Widnes and Runcorn) are supported by DAB specialist Niocast and experienced commercial broadcaster, the Dee Radio Group in submitting applications in their respective areas. Robbie Benson is Founder and Station Manager of The HitMix in Newcastle-under-Lyme and Stoke-on-Trent: “I see small-scale DAB as the logical next development for the station. We’ll be loud and clear right across borough and city in high quality, offering listeners old and new an even better local service”, says Robbie.

United kingdomStoke on trentLeroy allenRobbie bensonNiocast david duffyHalton community radio warringtonHalton community radio matthew robertsDee radio groupBeat radioHalton community radioStation managerCommunity radioMatthew robertsDavid duffyஒன்றுபட்டது கிஂக்டம்ஸ்டோக் ஆன் ட்ரெண்ட்

Virgin Money returns to profit as bad debt charges fall

Virgin Money returns to profit as bad debt charges fall
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United kingdomDavid duffyLloyds banking groupVirgin moneyஒன்றுபட்டது கிஂக்டம்டேவிட் டஃபிலாயிட்ஸ் வங்கி குழுகன்னி பணம்

FTSE to open higher as optimism rises – live updates

Eurozone PMIs: Virus presents continued riskÂ Here s more reaction to those PMI figures from Samuel Tombs at Pantheon Macroeconomics who warns the virus may put a dampener on economic reopening:Â The servicesÂ PMIÂ now seems to be catching up with the rocketing manufacturing index, sooner than we expected. The risk is that this rebound in activity comes at the expense of controlling the virus. Cases are still rising at a high rate. The good news is that vaccination has ramped up significantly, indicating that the major eurozone economies will reach herd immunity by July. This ought to allow reopening by the end of the second quarter, just about.

New zealandHong kongNew south walesUnited kingdomKrung thep mahanakhonCity ofGreg abelCarolyn mccallWarren buffettDame carolyn mccallDavid duffyGreene kingBerkshire hathawayVirgin moneyMeet berkshire hathawayHang seng

Virgin Money returns to £72m profit after cutting covid-related costs

Britain s sixth-largest bank Virgin Money returned to profit in March after the UK s recovery from the pandemic meant it cut the amount of money it set aside for bad debts. The group - formerly known as CYBG - reported pre-tax profits of £72million for the six months to March against losses of £7million a year earlier. The boost largely came after the bank cut impairment costs for bad debts by 83 per cent to £38million, down from £232million last year. Virgin Money reported pre-tax profits of £72m for the six months to the end of March However, the share price fell 5 per cent this morning after what analysts described as a mixed bag of results.

United kingdomJohn croninRob murphyDavid duffyLloyds banking groupEdison groupVirgin moneyPayment protection insuranceMo neyஒன்றுபட்டது கிஂக்டம்ஜான் குரோனின்கொள்ளை மர்பிடேவிட் டஃபிலாயிட்ஸ் வங்கி குழுஎடிசன் குழுகன்னி பணம்