Virgin Money UK expects profitability to come under pressure in the second half of 2024, reflecting higher costs and investments. Boss David Duffy said: 'Over the first six months, we have continued to deliver on our strategic ambitions in line with expectations. Shareholders will vote on the Nationwide takeover on 22 May, ahead of the publication of VMUK's interim results on 13 June. Controversially, however, Nationwide members will not get a vote on the takeover. VMUK, however, still expects to pay a 2024 full-year dividend of 2p per share as announced by its board.

Source: Daily Mail May 14, 2024 12:24 UTC