Virgin Money full-year profits up 43% on higher rates
21st Nov 2022 07:07
(Sharecast News) - Virgin Money shares surged on Monday as the bank reported a 43% rise in full-year profits driven by higher interest rates and said it would extend its share buyback by £50m.
Read moreInvestec cuts Close Brothers to 'sell'
14th Nov 2022 11:37
(Sharecast News) - Investec cut its rating on Close Brothers Group to 'sell' on Monday, after a spike in the merchant bank's share price.
Read moreVirgin Money will struggle to re-rate, says Berenberg
26th Sep 2022 10:33
(Sharecast News) - Virgin Money tumbled on Monday as Berenberg re-established coverage of the shares at 'hold' from 'under review', saying the bank will struggle to re-rate given potential revenue headwinds and a sector-lagging return on tangible equity.
Read moreCiti sees UK inflation hitting 18% peak in January
22nd Aug 2022 11:15
(Sharecast News) - Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.
Read moreVirgin Money UK delivers 'strong profitability' in Q3
2nd Aug 2022 07:48
(Sharecast News) - Clydesdale Bank parent company Virgin Money UK said on Tuesday that it had delivered "strong profitability" in its third quarter, leaving the group with a "robust" balance sheet as it commenced its inaugural buyback.
Read moreVirgin Money UK launches share buyback programme
30th Jun 2022 07:24
(Sharecast News) - Clydesdale Bank parent company Virgin Money UK has launched a share buyback programme, with an initial repurchase of up to £75.0m in aggregate between its ordinary shares on the London Stock Exchange and its CHESS Depositary Interests on the Australian Securities Exchange.
Read moreBoE's Bailey leaves door open to 50bp hike but says economy "at something of a turning point"
29th Jun 2022 15:24
(Sharecast News) - The head of the Bank of England walked a fine line between hawkishness and its gradual approach to interest rates up until now at the European Central Bank Forum in Sintra, Portugal.
Read moreCiti reiterates 'buy' on Virgin Money, nudges up price target
16th Jun 2022 13:51
(Sharecast News) - Citi reiterated its 'buy' rating on Virgin Money on Thursday as it lifted the price target to 320p from 315p.
Read moreBoE says UK banks no longer too big to fail
10th Jun 2022 07:46
(Sharecast News) - Britain's major banks are no longer too big to fail and could still provide vital services in a crisis without a taxpayer bailout, the Bank of England said, although it said three lenders had fallen short of meeting requirements.
Read moreBank of England chief economist sees further rate hikes ahead
20th May 2022 10:41
(Sharecast News) - The price of money is headed higher still and the risks are that even further rate rises might be needed, the Bank of England's chief economist said.
Read moreShoreCap stays at 'buy' for most UK banking groups, prefers Barclays and Virgin Money UK
19th May 2022 19:20
(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of the majority of the UK's main banking groups - with the exception of HSBC.
Read moreLending boosts profits at Virgin Money, macro outlook uncertain
5th May 2022 08:35
(Sharecast News) - Virgin Money UK reported a 58% surge in underlying profit before tax in its interim numbers on Thursday to £388m, as its margin on lending expanded, although it noted an uncertain macroeconomic outlook.
Read moreJP Morgan cuts rating on Barclays
29th Mar 2022 11:34
(Sharecast News) - The positive investment case for British banks is starting to weaken, JP Morgan said on Tuesday, as it reiterated Lloyds Banking Group as its top pick but cut its rating on Barclays.
Read moreBoE may delay bank capital move because of Ukraine war
24th Mar 2022 11:14
(Sharecast News) - The Bank of England is considering delaying plans to tighten banks' capital requirements because of concerns created by Russia's invasion of Ukraine.
Read moreDirector dealings: Virgin Money finance chief picks up some shares
4th Mar 2022 16:50
(Sharecast News) - Virgin Money UK's finance chief, Clifford Abrahams, waded in to pick up some shares in the lender following recent widespread selling in the sector on the back of the conflict in Ukraine.
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