By Reuters
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(Reuters) - Virgin Money UK Plc <VMUK.L> on Thursday reported a 7% fall in full-year underlying profit and suspended its dividend for the year, as the lender set aside more money to settle the PPI mis-selling scandal in Britain.
The owner of Clydesdale and Yorkshire Bank said underlying pretax profit dropped to 539 million pounds ($691.54 million) for the 12 months ended Sept. 30 from 581 million pounds a year earlier.
(Reporting by Pushkala Aripaka and Muvija M in Bengaluru; Editing by Shounak Dasgupta)
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