October 15, 2015 / 7:53 AM / 2 years ago

BUZZ-Virgin Money: among top midcap gainers on mortgage lending surge

** British challenger bank Virgin Money up 3 pct, 5th top FTSE midcap gainer & top on FTSE-350 Banks Financial index after reporting a surge in mortgage lending

** Citi says volume growth stronger-than-anticipated, especially in the credit card business & could led to mid-single-digit consensus earnings upgrades

** Co's gross mortgage lending up 38 pct to 5.5 bln stg ($8.5 bln) for 9-month ended Sept, while net mortgage lending almost doubles to 2.6 bln stg from year earlier

** Stock of co, backed by founder Richard Branson, up 47 pct on IPO price of 283p/shr

** Co went public in Nov & has been looking to challenge Britain's big lenders - Lloyds Banking Group, Royal Bank of Scotland, Barclays and HSBC Holdings (RM: esha.vaish.thomsonreuters.com@reuters.net)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below