Virgin Money UK PLC

CYBG

GB00BD6GN030

Banks

Market Closed - London S.E. Other stock markets 11:35:25 2024-04-29 am EDT			5-day change	1st Jan Change
214.4 ^GBX	+0.09%		-0.09%	+30.37%

Apr. 25	Virgin Money UK to Redeem GBP300 Million Notes	MT
Apr. 22	Virgin Money reports trading remains in line amid Nationwide takeover	AN

Virgin Money UK cancels rest of buyback amid Nationwide deal

April 02, 2024 at 08:36 am EDT

(Correcting headline of story.)

(Alliance News) - Virgin Money UK PLC on Tuesday said it has cancelled the remainder of its buyback programme with immediate effect.

The cancellation of the programme comes after Virgin Money agreed to the terms of a cash acquisition by Nationwide Building Society.

The company has so far returned GBP63 million to shareholders under the programme. The remaining GBP87 million had been fully deducted from its CET1 resources in the first quarter. It now expects a CET1 ratio benefit in the second quarter.

Virgin Money shares were up 1.5% to 217.00 pence each in London on Tuesday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	VIRGIN MONEY UK PLC	214.4 GBX	+0.09%	-0.09%	3.46B
	NATIONWIDE BUILDING SOCIETY	133 GBX	0.00%	-99.01%	1.62B

Latest news about Virgin Money UK PLC

Virgin Money UK to Redeem GBP300 Million Notes	Apr. 25	MT
Virgin Money reports trading remains in line amid Nationwide takeover	Apr. 22	AN
Petition for Nationwide members to vote on Virgin deal gathers pace	Apr. 11	AN
Sabadell feels no pressure from British M&A activity to sell TSB	Apr. 09	RE
Virgin Money UK to Fully Redeem GBP250 Million Convertible Notes in June	Apr. 09	MT
Alpha Group says intends to switch to London's Main Market from AIM	Apr. 03	AN
Virgin Money UK cancels rest of buyback amid Nationwide deal	Apr. 02	AN
Virgin Money UK to be reimbursed GBP87 million after calling off buyback	Apr. 02	AN
SocGen raises Sage; Numis cuts Virgin Money	Mar. 25	AN
Moody's Places Virgin Money UK on Review for Upgrade Amid Proposed Purchase by Nationwide Building Society	Mar. 22	MT
Fitch Puts Virgin Money UK on Rating Watch Positive Amid Nationwide Building Society Takeover	Mar. 22	MT
News Highlights : Top Financial Services News of the Day - Friday at 12 AM ET	Mar. 22	DJ
Virgin Money UK, Nationwide Building Society Agree to Cash Acquisition Terms	Mar. 21	MT
News Highlights : Top Financial Services News of the Day - Thursday at 4 PM ET	Mar. 21	DJ
FTSE 100 Closes Up 1.9% on Hopes of Rate-Hike Cycle End	Mar. 21	DJ
Virgin Money and Nationwide agree terms of acquisition	Mar. 21	AN
Business as usual	Mar. 21
New York rally extends to London ahead of BoE	Mar. 21	AN
Nationwide Building Society Agrees GBP2.9 Billion Takeover of Virgin Money UK	Mar. 21	MT
Stocks called up thanks to New York rally	Mar. 21	AN
Alpha Group annual profit doubles on sales growth; appoints new chair	Mar. 20	AN
Clydesdale Bank cleared of charging unfair fees to small firms	Mar. 19	RE
Not a care in the world	Mar. 13
Virgin Money UK Reportedly Plans EUR500 Million Bail-in Bonds Issue	Mar. 13	MT
ANALYST RECOMMENDATIONS : Broadcom, Tesla, Walmart, Entain, Virgin Money UK	Mar. 13

Chart Virgin Money UK PLC

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Company Profile

Virgin Money UK PLC is a United Kingdom-based full-service digital bank, offering products and services to meet the full range of customers, retail and business banking needs. The Company operates under four commercial lines, such as Mortgages, Unsecured, Business, and Deposits. It operates under the Clydesdale Bank, Yorkshire Bank and Virgin Money brands. Its products include current accounts, savings, loans, investments, insurance, cards, mortgages, pensions, private banking, among others. It provides car loans, home improvement loans, and debt consolidation loans. Its insurance products include life insurance, travel insurance, home insurance, and business insurance. It offers investments in unit trusts and stocks and shares ISAs. The Company has a range of options available to support customers, including support through the United Kingdom government's Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS).

Sector

Banks

Calendar

2024-05-08 - Q2 2024 Earnings Release

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Ratings for Virgin Money UK PLC

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2.142 GBP

Average target price

2.149 GBP

Spread / Average Target

+0.34%

Consensus

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Quarterly earnings - Rate of surprise

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Other Banks

Virgin Money UK PLC

Equities

CYBG

GB00BD6GN030

Banks

Virgin Money UK cancels rest of buyback amid Nationwide deal

Stocks mentioned in the article

EPS Revisions