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United Kingdom

Virgin Money Holdings (UK) PLC (VM.L)

VM.L on London Stock Exchange

365.00GBp
21 Jun 2018
Change (% chg)

8.50 (+2.38%)
Prev Close
356.50
Open
358.00
Day's High
368.20
Day's Low
357.60
Volume
9,293,039
Avg. Vol
3,364,661
52-wk High
368.20
52-wk Low
250.20

Latest Key Developments (Source: Significant Developments)

Virgin Money, CYBG Confirm CYBG Made Revised Proposal To Virgin Money Discussing All-Share Combination
Sunday, 3 Jun 2018 

June 3 (Reuters) - CYBG PLC ::VIRGIN MONEY, CYBG CONFIRM CYBG HAS MADE REVISED PROPOSAL TO VIRGIN MONEY; DISCUSSING ALL-SHARE COMBINATION TO CREATE NEW NATIONAL COMPETITOR IN UK BANKING.CYBG- WILL ACQUIRE ENTIRE ISSUED AND TO BE ISSUED ORDINARY SHARE CAPITAL OF VIRGIN MONEY ON EXCHANGE RATIO BASIS OF 1.2125 NEW CYBG SHARES FOR EACH VIRGIN MONEY SHARE.CYBG- VIRGIN MONEY SHAREHOLDERS WOULD OWN ABOUT 38% OF COMBINED GROUP.  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

Virgin Money Says Capital Guidance For December 2018 Reaffirmed
Tuesday, 1 May 2018 

May 1 (Reuters) - Virgin Money Holdings (UK) PLC ::Q1 GROSS MORTGAGE LENDING 1.4 BILLION POUNDS VERSUS 2 BILLION POUNDS A YEAR AGO.SAYS CAPITAL GUIDANCE FOR DECEMBER 2018 REAFFIRMED.SAYS Q1 CARDS PERFORMANCE IN LINE WITH EXPECTATIONS.SAYS NO CHANGE TO FULL YEAR OUTLOOK.CAPITAL GUIDANCE FOR DECEMBER 2018 REAFFIRMED AT AROUND 13% CET 1 RATIO BEFORE BENEFIT.DIGITAL BANK ON TRACK.Q1 CREDIT CARD BALANCES 3.02 BILLION POUNDS VERSUS 2.65 BILLION POUNDS A YEAR AGO.  Full Article

Virgin Money Appoints Geeta Gopalan As Chair Of Board Risk Committee
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Virgin Money Holdings (Uk) Plc ::VIRGIN MONEY HOLDINGS (UK) PLC - GEETA GOPALAN, ONE OF COMPANY'S INDEPENDENT NON-EXECUTIVE DIRECTORS, HAS BECOME CHAIR OF BOARD RISK COMMITTEE.VIRGIN MONEY HOLDINGS (UK) PLC - GEETA SUCCEEDS COLIN KEOGH AS CHAIR OF COMMITTEE.  Full Article

Virgin Money says in advanced discussions to appoint of Irene Dorner as chair elect
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Virgin Money Holdings (Uk) Plc :DIRECTORATE CHANGE.‍CONFIRMS THAT COMPANY IS IN ADVANCED DISCUSSIONS WITH RESPECT TO APPOINTMENT OF IRENE DORNER AS CHAIR ELECT.‍ANY APPOINTMENT WOULD BE SUBJECT TO REGULATORY APPROVAL​.  Full Article

Virgin Money says ‍gross mortgage lending was 6.5 bln stg to end of Q3
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Virgin Money Holdings (Uk) Plc ::‍GROSS MORTGAGE LENDING OF £6.5 BILLION TO END OF Q3, A MARKET SHARE OF 3.5 PER CENT​.‍FULL YEAR GUIDANCE REAFFIRMED​.‍FY 2017 CET1 RATIO EXPECTED TO BE AROUND 13.5 PER CENT​.‍Q3 BANKING NIM 2 CONSISTENT WITH FY 2017 GUIDANCE​."EXPERIENCING ROBUST CUSTOMER DEMAND WITH STABLE CUSTOMER BEHAVIOUR"​.  Full Article

Virgin Money stalls SME lending plans after Brexit vote
Tuesday, 26 Jul 2016 

Virgin Money CEO: Virgin Money to think "much harder" about further recruitment, probably slowdown new hires to manage costs in uncertain times after Brexit .Decides not to immediately enter SME lending after Brexit vote, refocuses on investment into its digital banking business.  Full Article

Virgin Money half-year underlying pretax profit rises
Tuesday, 26 Jul 2016 

Virgin Money Holdings (UK) Plc : 2016 half-year results . Total capital ratio of 17.5 per cent and a leverage ratio of 3.8 per cent at h1 2016. . Gross mortgage lending of £4.3 billion, 19 percent higher than H1 2015. Net lending of £2.2 billion in H1 2016, 29 percent higher than H1 2015. . Although Bank of England did not cut bank rate in July 2016, interest rates are now expected to stay lower for longer . Underlying profit before tax increased by 53 per cent to £101.8 million, from £66.4 million in h1 2015 . Underlying return on tangible equity improved to 12.2 per cent from 9.5 per cent in h1 2015 . Strong capital base, with a common equity tier 1 ratio of 15.3 per cent at h1 2016. . Credit card balances increased to £2.1 billion at end of june 2016, 31 per cent higher than FY 2015 . A lower for longer forecast interest rate may put pressure on banking sector net interest margins and therefore business and financial performance .Completed a second RMBS issuance in May 2016 securing that tranche of funding and enhancing group's strong balance sheet position in preparation for referendum.  Full Article

Deals of the day-Mergers and acquisitions

June 18 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: