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Brait NAV rises 2% as Virgin Active cuts leverage after £175 million rights issue

Nov 13, 2026 01:08 (2h ago)

Verifying

Brait reported higher NAV per share after Virgin Active completed a rights issue.
Virgin Active cut net debt from £467 million to £303 million and leverage from 4.3x to 2.4x.
Premier and New Look delivered stronger earnings while Virgin Active membership declined 3%.