Company
Virgin Money UK PLC
LON:VMUK
Virgin Money UK PLC is an independent banking group with over 175 years of heritage through its Clydesdale Bank and Yorkshire Bank brands. CYBG merged with Virgin Money in June 2018.
47 stories
Savings accounts paying 'real' rates for first time in two years
A raft of accounts are offering rates above today's 4.6% CPI number, says Moneyfacts
Virgin Money battles margin pressure with higher mortgage rates
A further £175 million share buyback spree was also announced in today's trading update
Virgin Money in bid target territory after latest tumble, broker suggests
“Our last published fair value of 320p implies the shares are worth more than double the current price"
Virgin Money reports 43% increase in profits as rate rises boost margins
The British lender's pre-tax profits grew to £595mln from £417mln last year while the net interest margin expanded to 1.85% from 1.62%
Week ahead: retailers and water companies in focus with Kingfisher, Halfords, Dr Martens, AO World, Pets at Home, Severn Trent, UU, Babcock
Other companies reporting in the week include Breedon, Devro, Intertek, Polar Capital and Virgin Money
Virgin Money UK update on interest rate margins will be key on Monday, say analysts
The outlook for operating costs and loan loss charges is also expected to be of interest to investors
Virgin Money delivers on strategy but remains cautious on economic outlook
The financial services company reported a 45% increase year-on-year in digital personal business and current account sales
Virgin Money launches £75mln share buyback
“Buybacks will play a significant role in the capital return policy we announced in May, as the company targets profitable growth and distributes excess capital,” said CEO David Duffy
Lloyds among UK bank stocks expected to benefit from rates rise
The European research arm of Deutsche Bank also recommended buying Virgin Money UK plc shares
Virgin Money reduces mortgage lending as competition hots up
Total lending fell to £71.6bn, with a reduction in business loans as well as mortgages
Supermarket data and Virgin Money UK take centre stage, with Alphabet in spotlight later
As the first day of the new month, we will start to see the start of the next wave of macro data
Virgin Money UK sees strong full-year performance as it reinstates dividend and targets cost savings
Underlying pre-tax profits for fiscal 2021 are expected to rise by 546% to £801mln
Virgin Money claws back more bad debts as UK economy improves
The group released £19mln of impairment charges in the third quarter
Virgin Money UK helped by bad debt improvement but income slides
Before impairments, operating profits dropped by 20% to £283mln as net margins fell slightly
Virgin Money returns to profit as bad loan provisions are trimmmed
The bank kept its full-year guidance broadly unchanged
Virgin Money UK shares downgraded by two sets of analysts
Broker Peel Hunt said the this week’s earnings miss versus consensus was largely due to higher loan losses, with Virgin having the higher quarterly charge of the year
Virgin Money UK slides to loss as bad loan impairments higher than expected
“Although the vaccine news is a strong cause of hope for the future, the economic benefits are still some way off when considering the immediate reality of current restrictions and so have not yet been factored into our near-term forecasts,
Virgin Money says 'we know things may get more difficult for many customers'
The lender said it has not yet seen any significant problems but is “preparing assiduously to manage higher levels of customers in financial difficulty”
Virgin Money takes £232mln impairment charge for future coronavirus impact
Management highlighted a defensive loan book, with 82% in high-quality mortgages and 11% in business lending with no material exposures to the more immediately impacted sectors
Archive
Kape Technologies sails higher as non-executive director increases holding
A look at some of the day's major movers on Friday.
Virgin Money warns of continued Brexit uncertainty for banks
“While sentiment improved following December's election result, the UK banking market continues to face competitive pressures and uncertainty over the final Brexit settlement”
Virgin Money chairman Jim Pettigrew steps down
The Scot joined CYBG in 2012 and became chairman in 2014, overseeing the Virgin merger in 2019
Virgin Money shares surges as market welcomes suspension of the dividend
"Could've been a lot worse" seemed to be the market's reaction