(ShareCast News) - Virgin Money said it has delivered a strong trading performance for the third quarter of the year, with a substantial increase in mortgage lending being the key highlight. The FTSE 250 listed bank posted its third quarter trading update to 30 September on Thursday. It revealed gr
Read more(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read more(ShareCast News) - The FTSE 250 index rose strongly along with larger benchmark indices, but lost ground as the session wore on. At the close, the mid-cap index was up 0.9% at 17,153.28. Premier Farnell was the highest riser on the second-line index on the day when one of the electronic products it
Read more(ShareCast News) - Virgin Money shareholder Wilbur Ross sold a further 50m shares in the challenger bank, cutting his residual stake in Virgin Money from 23% to 12%. The WL Ross & Co shares, which were placed with institutional investors by Goldman Sachs in accelerated bookbuild, were sold at 405p,
Read more(ShareCast News) - The banking sector will have to pay out vastly more than expected from George Osborne's new profits surcharge, which was introduced to reduce the pain of the Bank Levy on lenders such as HSBC. When the Chancellor unveiled the new 8% surcharge on bank profits and plans to lower the
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