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CYBG PLC (CYBGC.L)

CYBGC.L on London Stock Exchange

206.40GBp
20 Nov 2018
Change (% chg)

-42.00 (-16.91%)
Prev Close
248.40
Open
243.60
Day's High
244.00
Day's Low
204.20
Volume
12,727,795
Avg. Vol
3,934,957
52-wk High
367.00
52-wk Low
204.20

Latest Key Developments (Source: Significant Developments)

CYBG Updates On Offer By Co For Virgin Money
Sunday, 14 Oct 2018 05:21pm EDT 

Oct 15 (Reuters) - CYBG PLC ::UPDATES ON OFFER BY CYBG FOR VIRGIN MONEY.VIRGIN MONEY CONFIRMS THAT SCHEME RECORD TIME FOR SCHEME WILL BE 6.00 P.M. ON 12 OCTOBER 2018.  Full Article

CYBG Plc says FY ‍underlying pretax profit up 33 pct to 293 mln pounds​
Tuesday, 21 Nov 2017 02:00am EST 

Nov 21 (Reuters) - CYBG PLC ::‍FY18 GUIDANCE FOR NIM OF C.220BPS AND UNDERLYING COSTS 650M; MEDIUM-TERM GUIDANCE REITERATED.‍STATUTORY PROFIT INCLUDES IMPACT OF A CONDUCT CHARGE OF £58M PRIMARILY DUE TO HISTORICAL PAYMENT PROTECTION INSURANCE (PPI) MIS-SELLING​.‍HY STABLE NET INTEREST MARGIN OF 2.27%​.‍LENDING MARKET WILL, WE EXPECT, REMAIN COMPETITIVE, ESPECIALLY FOR HOME LOANS​.‍FY CORE SME LENDING UP 6% TO £6.8BN​.I‍T IS LIKELY THAT WE WILL SEE FUTURE PRICE PRESSURE IN MORTGAGE AND UNSECURED PERSONAL LOAN MARKET​.EXPECT TO SEE MODEST PRESSURE ON NET INTEREST MARGIN AND OUR NIM GUIDANCE FOR FY2018 IS 220BPS​.FY ‍UNDERLYING PROFIT BEFORE TAX UP 33% TO £293M​.‍FY CET1 RATIO OF 12.4%​.‍RECOMMENDING PAYMENT OF AN INAUGURAL DIVIDEND OF 1P PER SHARE​.  Full Article

CYBG bumps up provisions over legacy conduct costs
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - CYBG PLC ::‍NAB HAS RECOGNISED A CHARGE IN CONNECTION WITH CLAIMS THAT HAVE BEEN, OR ARE EXPECTED TO BE, MADE BY CYBG​.CLAIMS ‍IN CONNECTION WITH CONDUCT INDEMNITY DEED BETWEEN CYBG AND NAB​.‍CYBG WILL INCREASE ITS PROVISIONS FOR LEGACY CONDUCT COSTS AS AT 30 SEPTEMBER 2017 BY £403 MILLION​.‍UNDER TERMS OF CONDUCT INDEMNITY DEED CYBG IS REQUIRED TO FUND 9.7 PCT OF THIS PROVISION INCREASE​.‍CYBG WILL RECOGNISE A FURTHER CHARGE OF £39 MILLION (PRE-TAX) IN ITS INCOME STATEMENT FOR TWELVE MONTH PERIOD ENDED 30 SEPTEMBER 2017​.‍THIS WILL IMPACT CYBG'S CET1 CAPITAL RATIO BY APPROXIMATELY 20 BPS AS AT 30 SEPTEMBER 2017​.  Full Article

CYBG says on track to deliver guidance for FY2017
Tuesday, 1 Aug 2017 02:15am EDT 

Aug 1 (Reuters) - Cybg Plc :Trading in three months to 30 june 2017 has been in line with its expectations.Solid mortgage growth of 5.8% (annualised) for nine months to 30 june.Nim increased to 2.29% (annualised) in nine months to 30 june.Management now expect underlying operating costs for full year to be below £680 million.Cybg plc - remain on track to deliver guidance for fy2017.Cet1 ratio of 12.4% at 30 june compared to 12.5% at 31 march.Cybg plc - now expect underlying operating expenses for fy17 to be below £680 million.Cybg plc - continue to target a modest inaugural dividend with respect to fy17.Unsecured personal lending balances grew 3.1% (annualised) in nine months to june to £1.2 billion.Continue to target a modest inaugural dividend with respect to fy17.  Full Article

CYBG says it notified RBS that it has withdrawn its offer for Williams & Glyn
Monday, 20 Feb 2017 02:35pm EST 

CYBG Plc : Update on preliminary non-binding proposal to the Royal Bank Of Scotland Group Plc . Notified RBS that it has withdrawn its preliminary non-binding proposal for, and ceased discussions relating to Williams & Glyn operations Further company coverage: [CYBGC.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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Shares in CYBG catch Brexit chill as mis-selling costs rise

LONDON British bank CYBG was hit by a surprise mis-selling charge and the uncertainty of Brexit on Tuesday, driving its shares to their biggest single day loss since floating in 2016.