Brief: Virgin Money UK Cancels Its Share Buyback Programme

Virgin Money UK

14/05/2024 07:32

May 14 (Reuters) - Virgin Money UK PLC  VMUK.L :
    * H1 2024 TRADING UPDATE
    * OVER FIRST SIX MONTHS, WE HAVE CONTINUED TO DELIVER ON OUR
STRATEGIC AMBITIONS IN LINE WITH EXPECTATIONS
    * EXPECT THERE TO BE HEADWINDS THROUGH SECOND HALF OF YEAR
    * H1 2024 PERFORMANCE IN LINE WITH EXPECTATIONS
    * EXPECTS NIM FOR H1 TO BE AT UPPER END OF FY24 190-195BPS
RANGE
    * ANTICIPATES COST PRESSURES FROM INFLATION AND INVESTMENT
IN H2
    * GIVEN PROPOSED ACQUISITION BY NATIONWIDE, GROUP HAS
CANCELLED
ITS SHARE BUYBACK PROGRAMME

Source text for Eikon:  ID:nRSN2496Oa 
Further company coverage:  VMUK.L 

 ((Reuters.Briefs@thomsonreuters.com;))