(Reuters) - British bank Virgin Money (L:VM) said its first-half profit jumped 37 percent, bolstered by a surge in mortgage lending.
The bank, which listed last year and is backed by billionaire Richard Branson, said it expected a short delay in the delivery of mid-teens return on tangible equity due to the new 8 percent tax surcharge on banks' UK profits to be levied from January 2016.
TSB: A Bull or Bear Market Play?
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