Advertisement
UK markets close in 2 hours 19 minutes
  • FTSE 100

    8,073.99
    +29.18 (+0.36%)
     
  • FTSE 250

    19,770.59
    -29.13 (-0.15%)
     
  • AIM

    754.83
    -0.04 (-0.01%)
     
  • GBP/EUR

    1.1640
    +0.0012 (+0.10%)
     
  • GBP/USD

    1.2438
    -0.0014 (-0.11%)
     
  • Bitcoin GBP

    53,154.79
    +11.02 (+0.02%)
     
  • CMC Crypto 200

    1,435.33
    +11.23 (+0.79%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    83.07
    -0.29 (-0.35%)
     
  • GOLD FUTURES

    2,334.20
    -7.90 (-0.34%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,140.43
    +2.78 (+0.02%)
     
  • CAC 40

    8,132.40
    +26.62 (+0.33%)
     

Virgin Money postpones London stock market listing

LONDON, Oct 17 (Reuters) - UK lender Virgin Money has postponed its London stock market listing, the company said on Friday, delaying plans to raise around 150 million pounds ($241.5 million).

"Virgin Money continues to progress its plan for an initial public offering, mindful of market conditions. It now expects admission to occur later than October 2014 and as soon as constructive market conditions allow," it said in a statement.

Analysts had estimated that Virgin Money would be valued at between 1.5 billion and 2 billion pounds, potentially valuing founder Richard Branson's stake at almost 1 billion pounds. ($1 = 0.6212 British Pounds) (Reporting By Freya Berry; editing by Steve Slater)