Virgin Money flags 'strong' full-year performance
4th Nov 2021 08:30
(Sharecast News) - Virgin Money UK was expecting "strong" financials for the full year, it said in a trading update on Thursday, with statutory profit before tax expected to be £417m, and its statutory return on tangible equity expected to swing to a positive 10.2% from a negative 6.2%.
Read moreVirgin Money to shut branches in digital push
30th Sep 2021 07:26
(Sharecast News) - Virgin Money said it would close almost one-fifth of its branches and cut office space as customers increasingly move online during the pandemic.
Read moreVirgin Money to shut branches in digital push
30th Sep 2021 07:26
(Sharecast News) - Virgin Money said it would close almost one-fifth of its branches and cut office space as customers increasingly move online during the pandemic.
Read moreGoldman Sachs takes NatWest off 'Conviction List'
5th Aug 2021 08:42
(Sharecast News) - Goldman Sachs has taken NatWest off its 'conviction buy' list, citing headwinds in UK mortgage pricing.
Read moreWednesday broker round-up
28th Jul 2021 10:15
(Sharecast News) - FDM Group: Numis upgrades from 'hold' to 'add', raises target from 1,050.0p to 1,250.0p.
Read moreBanks warned over failure to provide statements to former customers
22nd Jun 2021 12:32
(Sharecast News) - Monzo has received a formal warning from the Competition and Markets Authority after the online lender breached banking rules.
Read moreFriday broker round-up
7th May 2021 12:50
(Sharecast News) - Melrose: Numis upgrades to buy with a target price of 205p.
Read moreVirgin Money doubles profits as impairment charges plunge
5th May 2021 07:00
(Sharecast News) - Virgin Money said first-half profit more than doubled as Covid-19 impairment charges tumbled and the bank signalled a cautiously optimistic outlook driven by Britain's Covid vaccination programme.
Read moreNationwide lifts borrowing amount for first-time buyers
20th Apr 2021 10:36
(Sharecast News) - UK building society Nationwide is increasing the amount it will lend to first-time buyers in a move it claims will help increase home ownership.
Read moreShoreCap continues to see 'positive momentum' in UK banks' shares
19th Apr 2021 10:43
(Sharecast News) - ShoreCap analysts continued to see "positive momentum" in UK banks' shares on the back of successful Covid-19 vaccine rollouts.
Read moreJP Morgan upgrades Lloyds Banking Group
22nd Mar 2021 09:14
(Sharecast News) - JP Morgan upgraded Lloyds Banking Group to 'overweight' and predicted the strengthening UK yield curve would end the underperformance of the country's banks.
Read moreShore cuts rating on 'too far, too soon' Virgin Money
10th Mar 2021 13:16
(Sharecast News) - Virgin Money UK's shares have risen "too far, too soon", Shore Capital said as the broker cut its rating on the bank to 'hold'.
Read moreVirgin Money sets aside extra £18m for bad loans; Returns to profit in Q1
2nd Feb 2021 07:34
(Sharecast News) - Virgin Money said it has aside another £18m in bad loan provisions in the first quarter to deal with the impact of the coronavirus pandemic as it reported a return to profit during the period.
Read moreLiberum initiates coverage of challenger banks, OneSavings top pick
8th Dec 2020 15:15
(Sharecast News) - Liberum has initiated coverage of five challenger banks and specialist lenders, with 'buy' ratings on OneSavings Bank, Virgin Money UK and Paragon Banking Group.
Read moreCiti downgrades Virgin Money after outperformance
27th Nov 2020 15:19
(Sharecast News) - Citi downgraded its recommendation on shares of challenger bank Virgin Money on Friday to 'neutral' from 'buy', pointing to the stock's recent outperformance.
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