Virgin slashes share expectations

Sarah Davidson

November 6, 2014

The group is said to be targeting a share price of 283p-333p, while it plans to raise £150m.

Virgin had originally planned to float in October, but this was delayed until the end of November due to a slump in the global markets which forced fellow challenger bank Aldermore to withdraw from its own flotation plans.

Jayne-Anne Gadhia, chief executive officer, said on Tuesday: “Our business performance remains strong and on Friday we published our Q3 trading update which demonstrates our continued growth momentum.”

Virgin declined to comment.

Sign up to our daily email