Australia-listed UK lender Virgin Money jumps on share buyback plans

Virgin Money UK

03/08/2023 03:39

** Australia-listed shares of Virgin Money  VUK.AX  rise as
much as 4.5% to A$3.5, highest since Jan. 16     
    ** British lender laid out plans on Wednesday for 175
million pound ($223 million) in share buybacks in its 2023
financial year
    ** Co also maintained its FY outlook and reported stable net
interest margins in Q3 despite pressure from its mortgages
business
    ** More than one million shares change hands, compared with
the 30-day average volume of 2.1 million shares     
    ** One of 4 analysts rate the stock "buy" or higher, 2
"hold" and one "sell" or lower; their median PT is A$3.20 –
Refinitiv data
    ** Stock has risen 2.4% this year as of last close 

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
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