Is running the new golf? Why TCS has become title sponsor of the London Marathon September 27, 2022 For four decades the London Marathon has had a consumer-facing brand as its title sponsor, from Gillette and Mars in the 1980s to the more recent Flora and Virgin Money. But that will change on Sunday, the first race of its rebranding as the TCS London Marathon as part of a six-year contract with the [...]
Ed Warner: Marathon season revives questions about unequal fight against doping September 22, 2022 The track season is behind us and athletic thoughts now turn to autumn marathons. Berlin, renowned world record course, this Sunday. London and then Chicago within a fortnight. New York at the start of November. That’s four of the six marathon majors in seven weekends, and doubtless plenty of competition among race organisers to secure [...]
Rising fintech star explains why banks are rushing to jump on the lucrative BNPL bandwagon September 19, 2022 Virgin Money recently confirmed plans to enter Britain’s buy now, pay later (BNPL) market. The banking player is the latest player to start offering BNPL products, which generally can help people to spread the cost of purchases without adding to their overall cost. Earlier this year, another bank, NatWest, said that it planned to enter [...]
Canary Wharf’s giants stand by idly as Brits flock en masse to challenger banks Monzo and Starling Bank August 20, 2022 In yet another sign that traditional High Street banks are losing ground across the UK, challenger banks have overtaken the established Canary Wharf institutions in a survey ranking how satisfied people and firms are with their services amid the worsening cost-of-living crisis. Starling Bank and Monzo were the top-ranked current account providers, while high-street lenders [...]
Virgin Money reports jump in accounts as lender braces for cost of living crunch August 2, 2022 Virgin Money boss David Duffy said the lender was braced to support customers through a cost of living crunch today as the high street lender reported a jump in digital personal and business accounts in the third quarter of the year.
Virgin Money to give out £1,000 bonuses to help staff deal with cost-of-living crunch July 19, 2022 Virgin Money today told staff it will be giving out £1,000 bonuses to all workers on salaries of less than £50,000 a year to help them deal with the UK’s cost-of-living crisis. In an internal memo seen by City A.M., Virgin Money chief executive David Duffy told staff earning less than £50,000 that they will [...]
BBC wins the race for London Marathon broadcast rights for another five years June 20, 2022 The BBC will broadcast the London Marathon for a further five years after extending its long-standing rights agreement with the race’s organisers. The new deal begins with this year’s edition of the 26-mile race, which is due to take place on 2 October, and runs until 2026, marking 45 years of live coverage on the [...]
Record 267 bank branches were closed across UK within just three months November 10, 2021 Data from the Financial Conduct Authority (FCA) shows that 267 bank and building society branches were closed permanently between April and June of this year, leaving the overall network 4.55 per cent smaller at 5,599. The closures meant less than two-thirds of the UK population (60.1 per cent) are now within 2km of a bank [...]
Virgin Money restructuring plans push shares down 7 per cent November 4, 2021 Shares in Virgin Money have fallen 7.3 per cent this afternoon after the digital bank revised its strategy to include an expensive cost-cutting exercise. In an unscheduled trading update the lender unveiled plans to “accelerate” its switch to digital banking services, but warned of the cost-cutting exercise this would incur over the next three years [...]
Weekend of achievements: 30 fun new world records set at London Marathon October 4, 2021 A Londoner can boast she is now the fastest woman to finish a marathon in a cake, having competed in this year’s London Marathon. The effort by Anna Bassil, 42, of St Albans, is among 30 official Guinness World Records (GWR) titles which were broken as the Virgin Money London Marathon returned after last year’s [...]