Virgin Money interim profits fall on higher impairment charge
4th May 2023 07:02
(Sharecast News) - Shares in Virgin Money slumped on Thursday as the challenger bank posted lower first-half profits due to an increase in impairment charges for bad debts and higher investment costs.
Read moreCiti reiterates 'buy' rating on four UK bank stocks
10th Mar 2023 13:38
(Sharecast News) - Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
Read moreBarclays downgrades Virgin Money after strong share price performance
6th Feb 2023 13:29
(Sharecast News) - Barclays downgraded Virgin Money on Monday to 'equalweight' from 'overweight' following a strong share price performance over the last six months.
Read moreBerenberg raises target price on Virgin Money
6th Feb 2023 09:31
(Sharecast News) - Analysts at Berenberg raised their target price on lender Virgin Money UK from 170.0p to 195.0p on Monday but cautioned that "relative challenges" may worsen.
Read moreVirgin Money delivers 'positive' Q1 performance
1st Feb 2023 07:15
(Sharecast News) - Lender Virgin Money said on Wednesday that it had delivered a "positive first quarter", with continued good progress on digitisation and growth in lending.
Read moreVirgin Money releases £19m of provisions as economy improves
27th Jul 2021 07:01
(Sharecast News) - Virgin Money UK released £19m of credit provisions in the third quarter and upgraded its margin guidance for the year as the bank traded in line with expectations.
Read moreMonday broker round-up
22nd Mar 2021 13:40
(Sharecast News) - Fevertree: Numis upgrades to buy with a target price of 2,800p.
Read moreDeutsche ups targets for Barclays and other UK banks
2nd Dec 2020 11:08
(Sharecast News) - Deutsche Bank increased its share price targets for the UK's banks and named Barclays, Standard Chartered and Virgin Money as its top picks with a wave of bad loans looming.
Read moreSector movers: Lenders start December on front foot, Citi and Goldman upbeat
1st Dec 2020 16:42
(Sharecast News) - Financials paced gains in the first trading session of December with lenders' shares faring best as analysts weighed in with further positive views on the outlook for the sector.
Read moreCiti sees contrarian 'opportunity' in UK banks
12th Oct 2020 12:40
(Sharecast News) - Analysts at Citi reiterated their 'buy' stance on several of the UK's largest lenders, citing the likely resumption of dividend payments from February 2021 onwards among some of the positives for the group.
Read moreVirgin Money makes development director interim CFO
28th Sep 2020 11:45
(Sharecast News) - Virgin Money has appointed its corporate development director as interim chief financial officer as current CFO Ian Smith prepares to leave the bank.
Read moreVirgin Money UK yet to see 'significant' increase in credit losses due to pandemic
28th Jul 2020 07:37
(Sharecast News) - Virgin Money UK reported a decline in net interest margins during the third quarter of its financial year, even as its deposits and business loans continued growing.
Read moreLenders grant 1.5m payment breaks on cards and loans
29th May 2020 13:04
(Sharecast News) - UK lenders have given almost 1.5m payment holidays to card and personal loan borrowers in financial difficulties during the Covid-19 crisis, industry figures showed.
Read moreBoE urges banks to go easy on bad debts - report
27th Apr 2020 09:04
(Sharecast News) - The Bank of England has warned UK lenders to exercise restraint in booking charges for expected bad debts to preserve their capital positions.
Read moreFCA to freeze consumer loan payments in emergency measures
2nd Apr 2020 07:44
(Sharecast News) - The Financial Conduct Authority has asked lenders to introduce loan payment freezes and interest-free overdrafts to support consumers whose finances have been hit by the Covid-19 crisis.
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