FTSE 250 movers: Petrofac, Acacia Mining, Virgin Money
22nd Jan 2016 14:24
(ShareCast News) - A second day of large gains saw West Texas Intermediate crude oil futures clock in with their biggest two-day advance since August 2015. According to Blacrock's chief, institutionals began wading into financial markets as far back as last Wednesday. Dovish remarks from the ECB's M
Read moreCredit Suisse picks favourites from UK challenger banks
20th Jan 2016 11:14
(ShareCast News) - Credit Suisse initiated coverage of Shawbrook at 'outperform' with a 410p price target, saying the model is attractive, given that it avoids commoditised lending and is diversified across both SME and consumer lending. The Swiss bank prefers Shawbrook to Aldermore, as its stronger
Read moreFTSE 250 movers: Insurance worries sends Moneysupermarket.com falling
15th Jan 2016 15:21
(ShareCast News) - The FTSE 250 was set to close at its lowest point for 2016, with the market already down 256.85 points (1.56%) to 16,156.42 by mid-afternoon Friday. Moneysupermarket.com was the market's biggest faller after the company's fourth quarter insurance revenues were hit by stronger comp
Read moreUK bank sector lacking competition but CMA report falls short of major changes
22nd Oct 2015 07:51
(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for
Read moreVirgin Money highlights strong growth in mortgage sector
15th Oct 2015 07:46
(ShareCast News) - Virgin Money said it has delivered a strong trading performance for the third quarter of the year, with a substantial increase in mortgage lending being the key highlight. The FTSE 250 listed bank posted its third quarter trading update to 30 September on Thursday. It revealed gr
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreFTSE 250 movers: Premier Farnell blown higher on Raspberry Pi
9th Sep 2015 14:55
(ShareCast News) - The FTSE 250 index rose strongly along with larger benchmark indices, but lost ground as the session wore on. At the close, the mid-cap index was up 0.9% at 17,153.28. Premier Farnell was the highest riser on the second-line index on the day when one of the electronic products it
Read moreVirgin Money investor Wilbur Ross near-halves stake
9th Sep 2015 09:33
(ShareCast News) - Virgin Money shareholder Wilbur Ross sold a further 50m shares in the challenger bank, cutting his residual stake in Virgin Money from 23% to 12%. The WL Ross & Co shares, which were placed with institutional investors by Goldman Sachs in accelerated bookbuild, were sold at 405p,
Read moreBank surcharge forecasts "vastly understate" pain on sector, says EY
7th Sep 2015 13:30
(ShareCast News) - The banking sector will have to pay out vastly more than expected from George Osborne's new profits surcharge, which was introduced to reduce the pain of the Bank Levy on lenders such as HSBC. When the Chancellor unveiled the new 8% surcharge on bank profits and plans to lower the
Read moreVirgin Money's CFO steps down
1st Sep 2015 08:40
(ShareCast News) - Lee Rochford will step down from his role as Virgin Money's chief financial officer, the retail banking services provider said on Tuesday. Rochford, who joined the FTSE 250 group to lead it through its initial public offering, has decided to step down to "develop his career outsid
Read moreInterim profits soar at OneSavings Bank
26th Aug 2015 07:18
(ShareCast News) - Profitability soared at OneSavings Bank in the first half of the current year as the lender managed to improve several of its key performance metrics. The volume of loans and advances jumped 17% to reach £4.6bn driving the cost-income ratio to 26%, down from the 29% seen in the co
Read moreFTSE 250 movers: Virgin Money leads index, Saga hit by Acromas sale
28th Jul 2015 14:38
(ShareCast News) - The FTSE 250 index started strongly on Tuesday morning and held steady through the afternoon, led by encouraging results from several UK companies. London's second-line index was up 0.77% at 17,400.05 by 15:10 on Tuesday afternoon. Virgin Money's shares were the strongest perform
Read moreVirgin Money impresses with maiden dividend and profits growth
28th Jul 2015 10:15
(ShareCast News) - Shares in Virgin Money have regained some of the ground lost after the sector was hit by George Osborne's summer budget, as the 'challenger' bank declared a maiden dividend and lifted underlying profits 37% in its first results since floating in November last year. As its share of
Read moreInvestec sees Virgin Money opportunity, upgrades to 'buy'
16th Jul 2015 12:38
(ShareCast News) - Investec upgraded its view on shares of Virgin Money from 'hold' to 'buy', and revised its target price from 395p to 420p. Analyst Ian Gordon said there is an opportunity to buy now that the share price has fallen 18% in a month. Gordon said the drop in the share price was a disp
Read moreVirgin Money launches Sex Pistols credit cards
9th Jun 2015 16:21
Virgin Money is launching a range of exclusive Sex Pistols credit cards, featuring 'Never Mind the Bollocks' and 'Anarchy in the UK' artwork. The British punk rock band, self-proclaimed anarchist and anti consumerism, was first signed to Virgin Records in 1977. Two of the cards feature the artwork
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