Virgin Money Holdings Share News (VM.)
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VM.Thu, 04th Oct 2018 08:04
(Sharecast News) - The competition watchdog is to investigate the proposed £2.9bn acquisition of Virgin Money by Nationwide Building Society, it was confirmed on Friday.
Read more(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times
Read more(Sharecast News) - Nationwide Building Society posted a dip in annual profits on Thursday, a day after Virgin Money shareholders voted in favour of the lender's £2.9bn takeover.
Read more(Sharecast News) - Lender Virgin Money said on Tuesday that it has delivered "continued business momentum during H1", with trading in Q2 broadly as anticipated.
Read more(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.
Read more(Sharecast News) - Virgin Money has formally agreed to be taken over by Nationwide Building Society in a £2.9bn deal.
Read more(Sharecast News) - Nationwide's bid to create the UK's second-largest savings and loans group by taking over Virgin Money may be derailed if its members get a say on whether the deal goes through or not. It would take just 500 Nationwide members depositing £50 each one to convene a special meeting and ask for a vote on the deal. Furthermore, preparations for a vote would keep Nationwide from meeting the 4 April deadline for making a binding offer under Takeover Panel rules. However, the society says that its existing legal advice is that no vote is required. - Financial Mail on Sunday
Read more(Sharecast News) - Citi downgraded its stance on Virgin Money on Monday to 'neutral'/high risk from 'buy'/high risk after the shares surged on news that Nationwide Building Society had offered to buy the group in a £2.9bn deal.
Read more(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.
Read more(Sharecast News) - Virgin Money said on Thursday that it has agreed to be taken over by Nationwide Building Society in a £2.9bn deal.
Read more(Sharecast News) - Virgin Money said on Wednesday that it has agreed to buy Abrdn's stake in their joint investment platform for £20m.
Read more(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.
Read more(Sharecast News) - Banking group Virgin Money UK said it has delivered a first-quarter performance in line with guidance with growth in new accounts, deposits and target lending activities at stable margins.
Read more(Sharecast News) - London's stock markets saw a positive turnaround by the end of the day on Thursday despite subdued trading activity due to the Thanksgiving holiday in the United States.
Read more(Sharecast News) - Virgin Money UK reported a 42% fall in statutory profit in its full-year results on Thursday, to £345m, as its underlying profit on ordinary activities fell 24% to £592m.
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