00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your business headlines for this morning.
00:11Nationwide's £2.9 billion takeover of its rival Virgin Money is expected to complete
00:17next month after the deal was given the green light by the UK's financial regulators.
00:25Nationwide and Virgin Money said in a statement to the stock market that the Financial Conduct
00:29Authority and the Bank of England's Prudential Regulation Authority have both approved the
00:35takeover.
00:37It comes after the Building Society agreed the takeover of its London-listed rival in
00:43March.
00:44The deal was cleared by the UK's competition watchdog, the Competition and Markets Authority,
00:50in July.
00:51My name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
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