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

VM.L on London Stock Exchange

399.00GBp
4:38pm IST
Change (% chg)

-4.90 (-1.21%)
Prev Close
403.90
Open
403.90
Day's High
403.90
Day's Low
397.20
Volume
952,372
Avg. Vol
3,550,412
52-wk High
423.80
52-wk Low
250.20

Latest Key Developments (Source: Significant Developments)

CYBG Q3 Trading In Line With Expectations, Affirms FY Forecast
Monday, 30 Jul 2018 

July 30 (Reuters) - CYBG PLC ::TRADING IN THREE MONTHS TO 30 JUNE 2018 HAS BEEN IN LINE WITH BOARD'S EXPECTATIONS.ALL- SHARE OFFER FOR VIRGIN MONEY CONTINUES TO PROGRESS AS PLANNED.CET1 RATIO OF 11.4% WITH C.15 BPS OF CET1 CAPITAL GENERATION IN Q3 IN LINE WITH EXPECTATIONS.ASSET QUALITY REMAINS STRONG WITH A NET COST OF RISK OF 12 BPS (9M ANNUALISED) NIM OF 218 BPS (9M ANNUALISED) IN LINE WITH GUIDANCE.REITERATING GUIDANCE FOR NIM OF C.220BPS FOR FY18.FY18 MORTGAGE GROWTH EXPECTED TO BE AT LOWER END OF GUIDANCE RANGE, AS PREVIOUSLY INDICATED.MORTGAGE MARKET REMAINS EXTREMELY COMPETITIVE WITH CONTINUED FRONT BOOK PRICING PRESSURE.SIGNIFICANT PROGRESS HAS BEEN MADE ON IRB APPLICATION FOR SME LENDING WITH ACCREDITATION NOW EXPECTED MUCH EARLIER THAN PREVIOUSLY PLANNED.REMAIN ON TRACK TO DELIVER OUR GUIDANCE FOR FY18.  Full Article

Virgin Money, CYBG Confirm CYBG Made Revised Proposal To Virgin Money Discussing All-Share Combination
Monday, 4 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
Tuesday, 8 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

Legal & General inks lifetime mortgage deal with Virgin Money

Aug 6 British insurer Legal & General said on Monday it has teamed up with Virgin Money to offer lifetime mortgages to Virgin customers at the end of their interest-only home loan term.