Report
David Ellis
EUR 100.00 For Business Accounts Only

CYBG’s FY18 Result Disappoints and Earnings Pressure Builds

No-moat-rated, U.K. regional bank, CYBG Plc, completed the acquisition of Virgin Money Holdings (UK) plc with the court approving the scheme of arrangement. The Boards of CYBG and Virgin Money, agreed to merger terms on June 16, 2018 with CYBG making an all share takeover offer valuing Virgin Money at GBP 1.7 billion. Virgin Money shareholders will receive 1.2125 new CYBG shares for each Virgin Money share held. Following completion, Virgin Money shareholders will own approximately 38% of the co...
Underlying
Virgin Money UK

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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