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

VM.L on London Stock Exchange

275.20GBp
18 Jan 2018
Change (% chg)

-10.00 (-3.51%)
Prev Close
285.20
Open
284.40
Day's High
284.40
Day's Low
273.90
Volume
4,492,409
Avg. Vol
1,745,410
52-wk High
353.30
52-wk Low
250.20

Latest Key Developments (Source: Significant Developments)

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

BRIEF-Virgin Money Appoints Geeta Gopalan As Chair Of Board Risk Committee

* VIRGIN MONEY HOLDINGS (UK) PLC - GEETA GOPALAN, ONE OF COMPANY'S INDEPENDENT NON-EXECUTIVE DIRECTORS, HAS BECOME CHAIR OF BOARD RISK COMMITTEE