Britain's Virgin Money expects costs to swell in the second-half

Virgin Money UK

14/05/2024 07:16

May 14 (Reuters) - British bank Virgin Money UK  VMUK.L 
said on Tuesday it expects costs to increase in the second-half
of the year due to inflation and higher investments, adding that
its profitability would also be hurt by growing competition and
lower interest rates. 
    

 (Reporting by Eva Mathews in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((Eva.Mathews@thomsonreuters.com;))