Nationwide Announces £100 Loyalty Bonus Amid Virgin Money Takeover

Building society rewards members and launches new bond as it absorbs Virgin Money in a £2.9bn deal.

Nationwide to distribute £344m in bonuses to members under its Fairer Share scheme.
New Member Exclusive Bond offers 5.5% interest to eligible members.
Profits fell to £2bn, partly due to increased member benefits.
Virgin Money shareholders overwhelmingly approved the takeover, set to complete by year-end.
Nationwide aims to maintain financial strength and customer satisfaction post-acquisition.