VUK 0.49% $4.05 virgin money uk plc

Just read a short write-up on the BBC website. If you only read...

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    Just read a short write-up on the BBC website. If you only read that you would think VMUK was in for a battering today!

    Virgin Money books loss and cancels dividend

    Virgin Money posted a £194m loss for the year to the end of September.It had to set aside £385m in additional PPI provisions and this led it to cutting its dividend for the year.

    Underlying profit of £539m was 7% lower compared to 2018 due to higher bad loans it said.

 
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