Citi downgrades RBS to 'neutral' following 'relief rally'
17th Dec 2019 13:17
(Sharecast News) - Analysts at Citi downgraded their recommendations for the shares of multiple UK lenders and sounded a downbeat note on Lloyds following the the Financial Policy Committee's latest round of stress tests.
Read moreFTSE 250 movers: Banks, housebuilders soar; Future falls
13th Dec 2019 14:22
(Sharecast News) - London's FTSE 250 soared 3.54% higher at 21,529.72 in afternoon trade on Friday, as investors digested the impact of a resounding Conservative general election victory.
Read moreCYBG-Virgin Money merger gets FCA and PRA green light
4th Oct 2018 08:04
(Sharecast News) - CYBG and Virgin Money will be able to complete their merger later this month after gaining approval from financial regulators.
Read moreCYBG and Virgin Money shareholders approve takeover
11th Sep 2018 07:13
(Sharecast News) - CYBG could take over Virgin Money by the end of the year after shareholders on both sides gave their backing on Monday.
Read moreVirgin Money profits rise as it makes good operational progress
26th Jul 2018 11:18
(Sharecast News) - High street challenger bank Virgin Money Group issued its results for the half-year to 30 June on Thursday, reporting a 10% increase in underlying profit before tax to £141.6m year-on-year.
Read morePanmure initiates coverage of challenger banks
16th Feb 2017 09:53
(ShareCast News) - Panmure Gordon initiated coverage on several challenger banks on Thursday, highlighting a preference for specialist lenders as they have avoided direct competition with large UK banks and offer high growth and returns at attractive valuations. The brokerage started Aldermore, OneS
Read moreRBC Capital thinks Virgin Money consensus is 'too bearish'
14th Feb 2017 09:49
(ShareCast News) - RBC Capital Markets has given the previously unrated Virgin Money an 'outperform' along with a 415p price target, as it thinks that consensus estimates are too bearish on the bank's margins, growth and cost of risk. RBC believes that Virgin Money can take market share and outperfo
Read moreTuesday broker round-up
14th Feb 2017 09:07
(ShareCast News) - Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p. Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p. British American Tobacco: Citigroup reiterates Buy with a target price of 5600p. Glencore: Deutsche Bank reiterates H
Read moreWednesday newspaper share tips: Virgin Money, Clarkson
2nd Nov 2016 12:16
(ShareCast News) - Shares in Virgin Money have bounced back sharply following their post-Brexit drop but the gyrations in the stock show that investors are wont to rush for the exit at the first sign of economic troubles, The Times´s Tempus cautioned. The lender is taking market share in the credit
Read moreWednesday broker round-up
2nd Nov 2016 11:59
(ShareCast News) - Lancashire: JP Morgan keeps at neutral with a target price of 595p. Rolls Royce: UBS stays at neutral, 800p target. Rio Tinto: Barclays reiterates overweight with a 3200p target. Derwent London: Goldnman Sachs reiterates buy with a 3035p target. TUI AG: UBS reiterates buy with
Read moreVirgin Money nine-month mortgage lending up 19%
1st Nov 2016 07:41
(ShareCast News) - Virgin Money reported a rise in gross mortgage lending for the nine months to the end of September as it expressed confidence that the Brexit vote would not affect its full-year performance. Mortgage lending was up 19% to £6.5bn, giving the challenger bank a 3.6% share of the over
Read moreBanks' mortgage approvals rebound from low, BBA data shows
26th Oct 2016 09:12
(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i
Read moreCredit Suisse sees rising risks for challengers banks Aldermore, Shawbrook
25th Oct 2016 11:46
(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for
Read moreThursday broker round-up
1st Sep 2016 18:52
(ShareCast News) - Virgin Money: Berenberg reiterates hold with a target price of 300p. Alumasc Group: Peel Hunt maintains buy with a 210p target. Morrisons: Goldman Sachs downgrades to sell with a 175p target. Diageo: HSBC reiterates hold with a 2350p target. Lavendon: Berenberg keeps at buy wit
Read moreSantander bids to take over RBS' Williams and Glyn unit, reports claim
2nd Aug 2016 16:42
(ShareCast News) - Santander UK had made a formal offer to buy the Williams & Glyn (W&G) branches from Royal Bank of Scotland ending the bank's seven year struggle to separate from it, multiple reports claimed. The Spanish-owned lender and fifth-largest bank in Britain, was understood to have offere
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