Virgin Money shares leap on higher profit, investor payouts
Source: Reuters
LONDON, Nov 21 (Reuters) - Shares in British lender Virgin Money (VMUK.L) leapt 16% on Monday after it reported a jump in full-year profit and investor payouts, as Bank of England rate rises lifted its finances despite a looming economic downturn.Virgin Money reported pre-tax profit of 595 million pounds ($703 million) for the year to September, up 43% from 417 million the prior year.The bank - which resumed…
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