Virgin Money UK leaps 24% after saying worst of insurance scandal is over
Company suspends dividend and posts lower profit
28 November 2019 - 19:03
Bengaluru — Shares in Virgin Money UK leapt as much as 24% on Thursday after the British bank said it believed the worst of an industrywide insurance scandal was behind it.
That helped to overshadow a drop in annual profit and the company’s decision to suspend its dividend payout...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.