Virgin Money to scrap 400 jobs at head office locations in cost-cutting plans

Todd Spangler NY Digital EditorShares of Paramount, the new corporate name of ViacomCBS, took a dive after the media conglomerate told Wall Street that it was more aggressively equipping itself for battle in the streaming wars.The stock was down more than 15% in premarket trading Wednesday, coming a day after Paramount’s 2022 investor day presentation that detailed revised financial forecasts including a bigger capital outlay for its streaming strategy, led by Paramount Plus.Investors were apparently unnerved about the heavier investment Paramount plans to make in the streaming biz — it plans to boost spending on streaming content to $6 billion by 2024, versus $4 billion previously — and the resulting hit to profitability. Bank of America Securities analyst Jessica Reif Ehrlich downgraded her rating on the stock, from “buy” to “neutral,” and cut her 12-month price target on the stock from $52 to $39 per share.SEE ALSO: As ViacomCBS Becomes Paramount, an Energized Company Solidifies Its Streaming Playbook“We commend management for taking a bold approach, but near-term headwinds will drive Y/Y declines in CY22 and CY23 OIBDA [operating income before depreciation and amortization] and pressure already depressed FCF [free cash flow] levels,” Reif Ehrlich wrote in a note to clients.In reporting Q4 2021 results, the company said Paramount Plus netted 7.3 million new subscribers to stand at 32.8 million at year end.

Barry has shared a release date for a third season and a number of first-look photos – check them out below.Bill Hader’s serial killer series is set to return to HBO in April, in which the actor reprises his role as the titular character.The third season has been highly anticipated following season two’s cliffhanger and the long delay between seasons due to the coronavirus pandemic.The series stars Hader alongside Stephen Root, Sarah Goldberg, Glenn Fleshler, Anthony Carrigan and Happy Days star Henry Winkler.Take a look at the new images here:Getting out is messy. Cousineau, Sally, Fuches and Noho Hank return for Season 3.

Dead By Daylight’s newest killer Sadako has been terrifying streamers while they explore the main menu – check out footage below.While Sadako Rising, the next chapter of Dead By Daylight, isn’t officially released until March 8, a handful of streamers (AKA The Fog Whisperers) have been granted early access.Sharing footage online, Sadako can be seen in the Dead By Daylight lobby while players choose the killer and select their perks until she pulls off a jump scare.

The Ting Tings have shared their reaction to their 2008 single ‘That’s Not My Name’ going viral on TikTok.The indie-pop duo – Katie White and Jules De Martino – hit top spot in the UK charts with the track upon its release over a decade ago, beating Rihanna, Madonna and other stars to the top spot.‘That’s Not My Name’ has since sold over a million copies in total, and has received a newfound boost after it went viral on TikTok and became the soundtrack to videos by The Rock, Drew Barrymore and others.Speaking to Variety about the resurgence of the track, White said: “We’re [not good] at social media. I learned it was happening from my family.”“I didn’t think TikTok was really for us,” the singer and guitarist added, “but now we will probably use it for our next album.”“We’re thrilled,” De Martino added.

Frankie Essex has been spotted showing off her blossoming baby bump for the first time since announcing her pregnancy with twins on Valentine's Day, 14 February, with OK! Online and new magazine.The 34 year old, who recently recalled her brother Joey's shock reaction when she told him she's pregnant, was photographed on Wednesday 16 February in Essex to take in some fresh air on a dog walk. Appearing to be busy talking to someone on the phone, the TOWIE star donned a tight-fitting grey and white patterned sports jacket with a pair of navy leggings, highlighting her bump.Teaming the outfit with a pair of Nike trainers, Frankie styled her blonde mane back into a ponytail and as she basked in the winter sun while crossing the road.

Grazia Beauty Life Lessons - our beauty podcast offering foolproof tips, smart product recommendations and relatable advice from some of our favourite experts, influencers and celebrities. Our series sees Grazia's Beauty Director Joely Walker chatting with some of Grazia’s favourite voices, including podcaster and comedian Deborah Frances-White (@dfdubz), make-up artist and founder of Vieve Jamie Genevieve (@jamiegenevieve), best-selling author and TV presenter Candice Brathwaite (@candicebrathwaite), style influencer and founder of RadSwan Freddie Harrel (@freddieharrel) and model, writer and founder of Squish Beauty Charli Howard (@charlihoward). Join us as we chat through the five best pieces of beauty advice these guests have ever been given – from skincare to make-up, self-care to fragrance – and they reveal their biggest beauty blunder they'd rather forget.

Vivienne Chow Action thriller “Limbo” and “Anita,” a biopic about the late Canto-pop queen Anita Mui lead the nomination race for this year’s Hong Kong Film Awards, which is holding its 40th edition after being postponed from last year.“Limbo,” a Cantonese noir that follows a cop duo’s hunt for a serial killer, received 14 nominations including best film, best director for Soi Cheang, best screenplay, best actor for Lam Ka-tung and best actress for Cya Liu. The film had earlier won the critics heart at the annual Hong Kong Film Critics’ Society Awards, which named “Limbo” as best film and Liu best actress for her role as a young addict.“Anita” received 12 nominations, including best film and best director for Longman Leung.

Christine Lampard kickstarted our mornings with a bright touch of colour as she hosted Lorraine earlier today. The 43-year-old wife of ex-footballer Frank Lampard looked radiant in red as she chatted with guests on the show, keeping up her endlessly elegant style.

Mónica Marie Zorrilla Following the success of Netflix Spanish-language teen flick “A través de mi ventana” (“Through My Window”), from Wattpad author and influencer, Ariana Godoy, Wattpad Webtoon Studios is doubling down on its Spanish-language content with plans to adapt two massive YA hits for the screen. Alex Mírez’s “Pefectos Mentirosos,” which has garnered over 105 million readers, will be produced out of Mexico as a TV series, and Flor.

Jenna Dewan has moved on to a modern Encino mansion following their split, Channing Tatum has made a more surprising real estate investment after buying a secluded mid-century farmhouse nestled within a 0. 91 acre estate in Brentwood's Mandeville Canyon. RELATED: Inside Jenna Dewan's stunning $4. 7million family homeThe Dog actor bought the $5.

Nick Vivarelli International CorrespondentDubai-based independent film distributor and producer Front Row Filmed Entertainment has acquired global rights – excluding theatrical, which is limited to the MENA region – for Lebanese drama “Death of a Virgin and the Sin of Not Living” that launched last year from Berlin’s Panorama section.Produced by Beirut-based Bee On Set Productions, “Death of a Virgin” marks director George Peter Barbari’s feature debut. It stars newcomers Etienne Assal, Adnan Khabbaz, Jean-Paul Franjieh and Elie Dankoura Saad.

Former 'Footballers' Wives' star Laila Rouass and Ronnie O'Sullivan have split. The 50-year-old actress revealed on Twitter that she and the six-time world snooker champion had gone their separate after nearly a decade together. Laila tweeted: "After nearly ten years of love and memories, Ronnie I have parted ways.

Sasha Urban editorSTX Films has released the trailer for its upcoming action thriller “The Contractor,” starring Chris Pine. The film will be released in theaters and digitally on April 1.After special forces sergeant James Harper (Pine) is involuntarily discharged from the army, he contracts with an underground military operation and finds himself entangled in a dangerous conspiracy that leaves him fighting for his life.

People: 'I never thought I would find a counterpart that is so understanding and supportive. She makes everything we do effortless, and I can't imagine life without her. 'His new wife said: 'Navarone is truly the most genuine, sweet and sensitive man I have ever known and I'm so lucky that after four years of long-distance, we can start our life together as husband and wife.

London on Monday.  The model, 20, looked casually chic in a long brown coat teamed with a sky blue hat. She wore the wrap over a black jumper and jeans, accessorising with a medallion necklace.

Diana Vickers has broken down in tears over a mystery illness – leaving fans worried. On social media, the former talent show contestant was seen emotional as she shared an update. Diana spoke out after experiencing "another night of pain".

Jamie Lang Featuring in this year’s eight iteration of the Berlinale Co-Production Market’s Co-Pro Series, Italian drama “Belcanto” will hope to follow a trail blazed by former participating European standouts such as “Babylon Berlin,” “Freud,” “Furia,” and last year’s Series Mania winner “Blackport.”Co-created by the trio of Mariano Di Nardo, Antonio Manca and Federico Fava and produced by leading Italian distribution-production house Lucky Red, the series project is set in 1798, as 14-year-old Carolina, her 17-year-old sister Antonia and their mother Maria seek refuge in the city of Milan after stabbing their violent father to death.The elder sister dreams of becoming a renowned singer, much as her mother once hoped for when she was the girl’s age. However, an unhappy and often violent marriage waylaid young Maria, who is now willing to go the extreme lengths to ensure that her daughter is afforded every opportunity withheld from herself.

The family of comedian Bob Saget has sued to block the release of records relating to the investigation into his death. The Full House star died aged 65 in January after suffering "blunt head trauma" during a likely "unwitnessed fall" in his room at the Ritz-Carlton Orlando in Florida, according to the results of an autopsy released last week. His family are now seeking to prevent evidence from the scene of Saget's death from being made public, insisting the records depict the tragedy "graphically".

has moved to urge fans to pray for his nephew after brain surgery. The ITV The X Factor star made the plea to fans on social media. Shayne paid tribute to Luke alongside his partner Sophie Austin.

Glasgow as Virgin Money cuts costs during the coronavirus crisis.

Virgin Money is set to axe 400 more jobs after announcing 52 bank branch closures - and 300 redundancies - in August.