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The Latest Breaking News from Nationwide

Nationwide TV ads starring Dominic West banned as misleading

ASA says sneering bank manager character wrongly suggests building society has not closed any branches

The Guardian - UK

Nationwide ad starring Dominic West is ‘misleading’, watchdog says

The advertisement attracted 282 complaints, including one from Santander.

Evening Standard

Average London house prices spring up 1.2% in March, reports Nationwide

The average price for a house in the capital is currently £519,505

Evening Standard

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London house prices pull ahead in reversal of ‘race for space’

London now has the fastest rising property prices in the south of England

Evening Standard

UK House Prices See Largest Increase Since December 2022

Recent data by Nationwide shows a surge in UK house prices due to high demand, low supply, and government incentives, raising concerns about affordability.

Top News

UK house prices fall for first time in three months amid ‘subdued’ market

Average price of home down 0.2% from February to March, to £261,142, says Nationwide

The Guardian - UK

GroupM To Double Ad Spending On Women’s Sports Programming

Clients including adidas, Ally, Coinbase, Discovery, Google, Mars, Nationwide, Unilever and Universal Pictures are looking to play

Broadcasting & Cable

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Nationwide's takeover of Virgin Money could be a disaster for the building society

City Comment: I hope I am wrong about this deal

Evening Standard

The Mortgage Works offers sub-4% buy-to-let mortgage

It’s the first sub-4% deal in the current cycle of price changes

Evening Standard

Nationwide suffers outage as users face delays 'moving money between accounts'

The bank have said they are “working to fix this ASAP”

Evening Standard

Nationwide members deserve a vote on Virgin deal – but won’t get one

With the £2.9bn acquisition having big sway over its future, owners should have a say, but democractic governance is blocked

The Guardian - UK

Nationwide agrees £2.9bn deal to take over Virgin Money

Richard Branson has already indicated he will back takeover that will require the agreement of the group’s shareholders

The Guardian - UK

Nationwide members must rise up and stop the ill-judged takeover of Virgin Money

City Comment: If Nationwide truly had confidence in the transaction, it should be sure it could persuade those members of the merits of the deal

Evening Standard

Nationwide faces mounting calls to give members say on Virgin Money takeover

Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal

The Guardian - UK

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The Guardian - UK

Virgin Money bosses in line for £6m if Nationwide takeover goes ahead

Chief executive David Duffy would be biggest winner on £3.5m, with large paydays for about 12 other staff if deal goes through

Top News

Nationwide's .7B Virgin Money Bid Challenges UK Big Banks

Nationwide's .7 billion bid for Virgin Money reshapes UK banking landscape, challenging big banks.

The Guardian - UK

So much for the challenge from ‘challenger’ banks

The uncomfortable truth is that size remains an enormous advantage in retail banking

Evening Standard

Nationwide buying Virgin Money is an awful deal

City Comment: Claims that this deal will boost mutuality are hollow

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news in one place.

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Evening Standard

Nationwide swoops on Virgin Money in controversial £2.9 billion deal

Deal lands £414m windfall to Richard Branson’s Virgin Group

The Guardian - UK

Nationwide to buy Virgin Money in £2.9bn deal

Lenders reach preliminary agreement on key terms in deal to create new competitor with £366bn in assets

The Guardian - UK

UK house prices rise for first time in more than a year as mortgage costs drop

Average cost of a home increased to £260,420 in February, up by 1.2% on a year earlier, says Nationwide

Evening Standard

FTSE 100 Live 04 March: Aviva enters Lloyd’s market with £242 million buy of Probitas

The property market is in focus today after Nationwide reported the first rise in prices in over a year and Rightmove posted annual results.

Evening Standard

House prices rise for first time in over a year says Nationwide

Improved affordability of mortgages helps, but rates on mortgages are creeping higher into the Budget next week

The Guardian - UK

UK interest rate cut ‘remains some way off’ says Bank of England chief economist – as it happened

Huw Pill needs to see more compelling evidence that the underlying persistent component of UK CPI inflation is being squeezed

Evening Standard

Nationwide becomes the latest mortgage lender to up home loan costs

More ‘doom and gloom’ for borrowers ahead of Chancellor Jeremy Hunt’s budget next week

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