Virgin Money owner CYBG has warned over an expected "material" hit from a jump in payment protection insurance (PPI) claims ahead of the August 29 deadline.

The Clydesdale and Yorkshire bank group, which bought Virgin Money last October, said it saw "unprecedented" levels of information requests jump in PPI complaints last month.

This was followed by a surge last week in the final days before the claims cut-off.

It said it would take "several months" to calculate the financial impact, but is working on an initial cost estimate, which is expected to be material.

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The alert comes after Royal Bank of Scotland also warned on Wednesday it expects to take another PPI hit of between £600 million and £900 million after claims shot up last month.

Housebuilding giant Barratt Developments has defied property market worries to deliver another set of record annual profits.

The group unveiled an 8.9% rise in pre-tax profits to £909.8 million for the year to June 30 after house sales reached an 11-year high, up 1.6% at 17,856.

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It comes despite a slowdown in the wider housing market as Brexit uncertainty has seen buyers and sellers put off moving house.

Barratt chief executive David Thomas noted "increased economic and political uncertainty", but said the group's strong order book would stand it in good stead.

Homewares chain Dunelm Group has unveiled surging profits and greater market share, but it warned next year's performance is still uncertain on account of Brexit.

Pre-tax profits jumped 35.2% to £125.9 million in the year to June 29, as the company focused on its core Dunelm brand and encouraged more shoppers to visit both its stores and website.

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Like-for-like sales growth in stores was 7.7%, while online it was up 35.1%.

Chief executive Nick Wilkinson said the momentum had continued into current trading.

"Recent trading performance has continued to be strong, reflecting both weak comparatives in the prior year and continued market share growth," he said.

"However, we remain cautious about the full year outlook due to increased Brexit uncertainty and specifically the impact it may have on consumer spending as we enter our peak period."

The results bring to a close Mr Wilkinson's first full year at the helm.