Virgin Money boosts profits but softens guidance ahead of BoE hike
26th Jul 2016 08:03
(ShareCast News) - Virgin Money grew strongly during the first half of the year, beating many analyst's expectations, but with the economic outlook more cautious the company has slightly softened its net interest margin (NIM) guidance. Total income in the half-year to 30 June was up 14% to £290m, wi
Read moreFriday broker round-up
15th Jul 2016 15:00
(ShareCast News) - Ashmore: Goldman Sachs upgrades to buy with a target price of 420p and JP Morgan reiterates underweight with a 250p target. G4S: UBS keeps at buy with a 240p target. Essentra: Jefferies reiterates buy with a 715p target. Playtech: UBS stays at buy with a 1000p target. Aberdeen:
Read moreMortgage lending resilient in May but likely to fall post referendum - CML
27th Jun 2016 10:37
(ShareCast News) - Mortgage lending remained resilient in May as banks and building societies lent more than in April and than in May last year. Gross mortgage lending swelled to £18.2bn in May, the Council of Mortgage Lenders estimated, up 3.6% from the preceding month and 13.6% higher than this ti
Read moreLloyds eyes bid for Bank of America's UK credit-card business - report
27th May 2016 16:36
(ShareCast News) - Lloyds Banking Group is preparing to bid for Bank of America's UK credit-card business, MBNA, in what may be its first acquisition since being rescued by taxpayers in 2009, according to a media report. MNBA, which has a loan book of about £7bn, was likely to draw interest from sev
Read moreBanks to limit overdraft charges as CMA demands only small changes
17th May 2016 07:06
(ShareCast News) - Banks will be forced to limit overdraft charges and introduce a new standard technology to enable consumers to more easily switch between providers, among several measures proposed by the competition watchdog to improve competition in retail banking. Concluding its investigation i
Read moreVirgin Money warns of buy-to-let slowdown and EU referendum uncertainty
4th May 2016 09:39
(ShareCast News) - Virgin Money's shares dropped on Wednesday after the lender warned of a slowdown in the buy-to-let market and of uncertainty ahead of the European Union referendum. The British bank reported a record 30% jump in gross mortgage lending to £2.1bn in the first quarter compared to the
Read moreBroker tips: ARM, Tate & Lyle, Inchcape
1st Apr 2016 15:46
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreNumis adds Virgin Money, Derwent and Northgate to 'top picks' list
1st Apr 2016 15:34
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreBroker tips: Inmarsat, William Hill, Virgin Money
30th Mar 2016 13:03
(ShareCast News) - Berenberg upgraded Inmarsat to 'hold' from 'sell' after shares in the satellite communications company fell 20% since the start of 2016, but concerns remain. The German bank said it continues to believe the market underestimates the threat of competition and the negative impact on
Read moreInvestec lifts Virgin Money target price, keeps at 'buy'
30th Mar 2016 10:39
(ShareCast News) - Investec has reiterated its 'buy' rating and raised its target price to 425p from 420p on Virgin Money after the company's full year results. Earlier this month, Virgin reported a 53% rise in underlying profits for 2015 to £160.3m on a strong funding position and record deposit ba
Read moreTuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
Read moreThursday newspaper share tips: Virgin Money, Challenger banks
3rd Mar 2016 16:40
(ShareCast News) - Homes are not always a safe repository of value, as property busts show, but at the moment they are the safest corner of the UK banking space. That was reflected yesterday in Virgin Money's full-year figures for return on tangible equity, which at 10.9% easily trumped those of the
Read moreWednesday broker round-up
2nd Mar 2016 16:45
(ShareCast News) - Just Eat: JP Morgan reiterates overweight with a target price of 393p and Investec reiterates buy with a target price of 479p. Capital & Counties Properties: Morgan Stanley downgrades to underweight with a target price of 330p. Rightmove: Jefferies upgrades to hold with a target
Read moreVirgin Money beats forecasts and eyes faster ROTE growth
2nd Mar 2016 09:08
(ShareCast News) - Results from Virgin Money's first full year as a listed company impressed investors, with pre-tax profits much higher than forecast and a healthier balance sheet. The 'challenger' bank lifted underlying profit before tax 53% to £160.3, well ahead of a consensus for £151m, as co
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
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