Business
These were the worst performing ASX 200 shares last week 28 November 2020
The S&P/ASX 200 Index (ASX: XJO) was on form again last week and continued its remarkable rise. The benchmark index rose 1% over the five days to 6,601.1 points.
Unfortunately, not all shares on the index climbed higher with the market. Here’s why these were the worst performers on the ASX 200 last week:
The Virgin Money UK share price was the worst performer on the ASX 200 last week with a 12.6% decline. Investors were selling the UK bank’s shares following the release of its full year results. For the 12 months ended 30 September, Virgin Money UK posted a 77% decline in full year underlying net profit to 124 million pounds. This was driven largely by a material increase in impairments to 501 million pounds. Excluding…
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