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Rishi Sunak
Tory donor behind Sunak private jet flight hit by £14mn asset freeze
...Virgin Islands entity through which he owns it....
April 18, 2024
Ian Smith
Nationwide deal shows UK mutuals are back on the front foot
...Supporters of mutuality are excited by the platform that the Nationwide/Virgin Money deal in particular will bring....
March 18, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Solomon Islands
China’s Pacific influence under scrutiny as Solomon Islands votes
...Sogavare has touted the deal on the campaign trail as having “put Solomon Islands on the map”. He has also praised China’s system of government and questioned the merits of democratic values....
April 17, 2024
Virgin Atlantic Airways Ltd
Virgin Atlantic to return to profit this year amid Caribbean holiday boom
...The airline’s rebound has been slowed by the cost of servicing the more than £1bn it took on to survive the coronavirus pandemic, which prompted governments to close the skies and plunged the industry into...
April 3, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
Nationwide agrees £2.9bn deal for Virgin Money
...The mutual will pay 220p per share for the challenger bank, in a combination that the companies say will create the second-largest provider of mortgages and savings in the UK....
March 21, 2024
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Virgin Atlantic forecasts a return to profit for first time since pandemic
...The airline, which is majority owned by Sir Richard Branson’s Virgin Group, on Wednesday said it had seen “sustained consumer demand” for flying on its network of long-haul flights....
April 3, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
Nationwide agrees terms for £2.9bn Virgin Money acquisition
...The combined group would have total assets of £366bn....
March 7, 2024
ReviewNon-Fiction
On This Holy Island: A Modern Pilgrimage Across Britain — travelling deeper, not further
..., a tiny village known as “England’s Nazareth” where the Virgin Mary is said to have appeared in 1061....
March 29, 2024
Travel
Cocos Islands: Australia’s little-known tropical idyll
...Unless you have a yacht and a lot of time, or your own plane, the only way to the Cocos (Keeling) Islands is a twice-weekly Virgin flight out of Perth in Western Australia....
April 6, 2024
UK banks
Nationwide to buy Virgin Money for £2.9bn
...Under the terms of the transaction, Nationwide will pay 218p in cash for each share of Virgin Money and a final dividend of 2p, the companies said on Thursday....
March 21, 2024
LexNationwide Building Society
Nationwide shows challenger banks’ failure with cut-price bid for Virgin Money Premium content
...With a cost of equity in the teens, Virgin Money was destroying shareholder value. Even with the 35 per cent jump in the shares on Thursday, the stock price has crab walked sideways for five years....
March 7, 2024
News updates from September 26: US launches Amazon lawsuit, JPMorgan to settle Epstein lawsuits
JPMorgan to settle Epstein lawsuits with US Virgin Islands and Jes Staley
...JPMorgan Chase said on Tuesday it had agreed settlements with the US Virgin Islands and Jes Staley to resolve legal battles over its dealings with Jeffrey Epstein’s human trafficking operation....
September 26, 2023
Nationwide Building Society
Nationwide agrees to buy Virgin Money for £2.9bn
...The building society said it did not plan to “make any material changes to the size of the Virgin Money employee base in the near term”. Virgin Money employs about 7,300 people....
March 7, 2024
Nationwide Building Society
Crosbie puts Nationwide’s reputation on the line with Virgin Money bet
...Gadhia, the co-founder of Virgin Money, is a backer of the deal, saying she was “really pleased” that Nationwide’s values “align with its [Virgin Money’s] original values of being really customer-focused...
March 24, 2024
Jeffrey Epstein
JPMorgan settles Jeffrey Epstein lawsuits with US Virgin Islands and Jes Staley
...JPMorgan Chase on Tuesday said it had agreed settlements with the US Virgin Islands and Jes Staley to resolve legal battles over its dealings with Jeffrey Epstein’s human trafficking operation....
September 26, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Letter
Letter: A harsh critique of SNP housing policy failures
...Councillor Alastair Redman Independent Councillor, Kintyre and the Islands, Isle of Islay, Argyllshire, UK...
March 6, 2024
Philip Augar
Nationwide has a lot to lose in its unwise bet on Virgin Money
...Nationwide members, meanwhile, must rely on the board’s belief that the addition of Virgin’s business deposits would increase the diversity of funding and that greater scale in core lending and deposit markets...
March 14, 2024
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
Chinese coastguard enters restricted waters near Taiwan-controlled island
...Five Chinese coastguard vessels entered restricted waters around the Taipei-controlled island of Kinmen on Monday, according to Taiwan’s government, as tensions continue to rise in an area just a few kilometres...
February 27, 2024
The FT ViewThe editorial board
The pursuit of happiness
...These drivers of fulfilment are a far better basis for policy. An equivalent approach is to see the role of government as reducing the causes of unhappiness....
March 22, 2024
FT News Briefing podcast9 min listen
The FTC is primed for Amazon
...Mentioned in this podcast: FTC lawsuit accuses Amazon of wielding monopoly power over online retail JPMorgan settles Jeffrey Epstein lawsuits with US Virgin Islands and Jes Staley Lawmakers warn that...
September 27, 2023
Bank bonuses
Virgin Money UK raises bar for executive bonuses
...“In the context of feedback received, it is acknowledged that the lower end of the proposed [target range] is not at a level that should merit an award even at the threshold payout level,” Virgin Money’s...
January 25, 2024
Transcript
The FTC is primed for Amazon
...The bank said it will pay $75mn to the US Virgin Islands, where Epstein had a home. The money will go to anti-trafficking charities, legal fees and mental healthcare for Epstein’s victims....
September 27, 2023
Europe Express
What Bulgaria’s government collapse means for the rest of the EU Premium content
...In February the Dutch government accused China of hacking into a military network last year....
March 27, 2024
News in-depthUK infrastructure
Rail chaos prompts fresh calls to nationalise England’s West Coast line
...It took over from Virgin Trains, which had run the route since 1997....
April 15, 2024
Paul Killik
Why buying company shares has gone out of fashion
...Another blow for the retail investor community came with the government’s legislation on the rights of nominee holders at the implementation of Crest, an electronic settlement system, in 1996....
April 5, 2024

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