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Virgin buys final 50 per cent of Virgin Money

Virgin has purchased the remaining 50 per cent share in Virgin Money Group, paying £90m for the joint venture it set up with investment management group HHG.

HHG, the listed company which comprises the UK businesses formerly owned by Australian giant AMP, will receive £50m now and two further instalments of £20m after 12 and 24 months for the product provider which offers stakeholder pensions, Isas and unit trusts, personal loans savings accounts and credit cards.

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NU slaps guarantee charge on NUL&P fund

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Rice to run new Cazenove offshore Euro equity fund

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