Edition:
United Kingdom

CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

259.80GBp
15 Nov 2018
Change (% chg)

-13.00 (-4.77%)
Prev Close
272.80
Open
269.20
Day's High
274.40
Day's Low
256.60
Volume
2,771,912
Avg. Vol
3,778,456
52-wk High
367.00
52-wk Low
250.80

Latest Key Developments (Source: Significant Developments)

Worldpay & CYBG Extend Partnership To Drive Digital Transformation For UK SMBS
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - CYBG PLC ::WORLDPAY AND CYBG EXTEND PARTNERSHIP TO DRIVE DIGITAL TRANSFORMATION FOR UK SMBs.NEW FIVE-YEAR REFERRAL PARTNERSHIP BRINGING WORLDPAY'S PAYMENTS TECHNOLOGY TO CYBG BUSINESS CUSTOMERS.  Full Article

Cybg Cancels Digital Bank Deal With Ex-Barclays Chief - Sky News
Monday, 12 Nov 2018 

Nov 12 (Reuters) - :CYBG CANCELS DIGITAL BANK DEAL WITH EX-BARCLAYS CHIEF - SKY NEWS.CYBG HAS CANCELED A DEAL STRUCK BY VIRGIN MONEY WITH A DIGITAL VENTURE SET UP BY EX-BARCLAYS CHIEF ANTONY JENKINS - SKY NEWS.  Full Article

CYBG‎ Faces Legal Complaint From Small Business Customers Alleging It Mis-Sold Loans - Sky News
Monday, 29 Oct 2018 

Oct 29 (Reuters) - :VIRGIN MONEY OWNER CYBG‎ FACES BEEFED-UP LEGAL COMPLAINT FROM SMALL BUSINESS CUSTOMERS (SME) WHO ALLEGE THAT IT MIS-SOLD LOANS - SKY NEWS.  Full Article

CYBG, Virgin Money Gets FCA, PRA Approval For Deal
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - CYBG PLC ::VIRGIN MONEY, CYBG CONFIRM ON WEDNESDAY, FCA, PRA GAVE WRITTEN NOTICE TO COS OF APPROVAL OF ACQUISITION OF CONTROL OF EACH UK AUTHORISED PERSON.  Full Article

CYBG shareholders approve takeover offer for Virgin Money
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Britain's Cybg Says ::OFFER FOR VIRGIN MONEY HOLDINGS <<>> GAINS CYBG SHAREHOLDER APPROVAL.  Full Article

CYBG reports loss of 76 mln stg for first half on PPI charges
Tuesday, 15 May 2018 

May 15 (Reuters) - Cybg Plc ::UNDERLYING PROFIT BEFORE TAX UP 28% YEAR-ON-YEAR TO £158M.STATUTORY LOSS AFTER TAX OF £76M DUE TO PPI LEGACY COSTS.NET INTEREST INCOME UP 4% DRIVEN BY STRONG VOLUME GROWTH AND NIM OF 218BPS.UNDERLYING COSTS DOWN 7% WITH INCOME UP 1%, DELIVERING A 6%PTS IMPROVEMENT IN UNDERLYING COST-TO-INCOME RATIO TO 64%.FY2018 GUIDANCE FOR UNDERLYING COSTS IMPROVED TO <£640M.FY2018 NIM OF C.220BPS AND MEDIUM TERM GUIDANCE REITERATED.11.3% CET1 RATIO.CEO SAYS WHILE ECONOMIC OUTLOOK REMAINS UNCERTAIN, CYBG IS WELL POSITIONED TO CONTINUE EXECUTING OUR EXISTING STRATEGY AND TO CAPTURE FUTURE GROWT.  Full Article

Virgin Money says received preliminary and conditional Proposal From CYBG To Buy Entire Issued, To Be Issued Share Capital Of Co
Monday, 7 May 2018 

May 7 (Reuters) - CYBG PLC ::VIRGIN MONEY SAYS CONFIRMS ON 7 MAY, RECEIVED PRELIMINARY AND CONDITIONAL PROPOSAL FROM CYBG TO ACQUIRE ENTIRE ISSUED, TO BE ISSUED SHARE CAPITAL OF CO.VIRGIN MONEY SAYS UNDER TERMS OF PROPOSAL, VIRGIN MONEY SHAREHOLDERS WOULD RECEIVE 1.1297 NEW CYBG SHARES FOR EACH VIRGIN MONEY SHARE.VIRGIN MONEY SAYS BOARD OF VIRGIN MONEY IS IN THE PROCESS OF REVIEWING THE PROPOSAL.  Full Article

CYBG PLC Expects To Recognise £202 Mln (Pre-Tax) Charge In HY
Tuesday, 17 Apr 2018 

April 18 (Reuters) - CYBG Plc ::EXPECTS TO INCREASE ITS PROVISIONS FOR LEGACY PPI COSTS AS AT 31 MARCH 2018 BY £350 MILLION.EXPECTS TO RECOGNISE A CHARGE OF £202 MILLION (PRE-TAX) IN ITS INCOME STATEMENT FOR SIX MONTH PERIOD ENDED 31 MARCH 2018.CHARGE TO RESULT IN PRO FORMA REDUCTION IN GROUP'S CET 1 RATIO OF ABOUT 100 BASIS POINTS AS AT 31 DEC 2017.IMPACT ON GROUP'S CET1 RATIO OF ABOUT 100 BASIS POINTS MEANS IT WILL BE OPERATING BELOW ITS GUIDANCE RANGE OF 12-13 PCT.  Full Article

CYBG Plc says FY ‍underlying pretax profit up 33 pct to 293 mln pounds​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - CYBG PLC ::‍FY18 GUIDANCE FOR NIM OF C.220BPS AND UNDERLYING COSTS 650M; MEDIUM-TERM GUIDANCE REITERATED.‍STATUTORY PROFIT INCLUDES IMPACT OF A CONDUCT CHARGE OF £58M PRIMARILY DUE TO HISTORICAL PAYMENT PROTECTION INSURANCE (PPI) MIS-SELLING​.‍HY STABLE NET INTEREST MARGIN OF 2.27%​.‍LENDING MARKET WILL, WE EXPECT, REMAIN COMPETITIVE, ESPECIALLY FOR HOME LOANS​.‍FY CORE SME LENDING UP 6% TO £6.8BN​.I‍T IS LIKELY THAT WE WILL SEE FUTURE PRICE PRESSURE IN MORTGAGE AND UNSECURED PERSONAL LOAN MARKET​.EXPECT TO SEE MODEST PRESSURE ON NET INTEREST MARGIN AND OUR NIM GUIDANCE FOR FY2018 IS 220BPS​.FY ‍UNDERLYING PROFIT BEFORE TAX UP 33% TO £293M​.‍FY CET1 RATIO OF 12.4%​.‍RECOMMENDING PAYMENT OF AN INAUGURAL DIVIDEND OF 1P PER SHARE​.  Full Article

CYBG bumps up provisions over legacy conduct costs
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - CYBG PLC ::‍NAB HAS RECOGNISED A CHARGE IN CONNECTION WITH CLAIMS THAT HAVE BEEN, OR ARE EXPECTED TO BE, MADE BY CYBG​.CLAIMS ‍IN CONNECTION WITH CONDUCT INDEMNITY DEED BETWEEN CYBG AND NAB​.‍CYBG WILL INCREASE ITS PROVISIONS FOR LEGACY CONDUCT COSTS AS AT 30 SEPTEMBER 2017 BY £403 MILLION​.‍UNDER TERMS OF CONDUCT INDEMNITY DEED CYBG IS REQUIRED TO FUND 9.7 PCT OF THIS PROVISION INCREASE​.‍CYBG WILL RECOGNISE A FURTHER CHARGE OF £39 MILLION (PRE-TAX) IN ITS INCOME STATEMENT FOR TWELVE MONTH PERIOD ENDED 30 SEPTEMBER 2017​.‍THIS WILL IMPACT CYBG'S CET1 CAPITAL RATIO BY APPROXIMATELY 20 BPS AS AT 30 SEPTEMBER 2017​.  Full Article

PRESS DIGEST- British Business - Nov 13

Nov 13 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.