- Spanish bank Santander's UK operation reported a 35% fall in first-half profit after its income was hit by intense competition in the mortgage market.

Pre-tax profit for the six months through June fell to £589m, down from £905m on-year.

Net interest income slid 8% and the company also upped provisions for liabilities and charges by £173m to £206m.

At 9:23am: [LON:SAN] Santander UK Plc share price was 0p at 162.9p

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