Share Prices & Company Research

Market News

08 Aug 2019 | 08:46

Funding Circle reports wider losses as economic uncertainty hurts loan demand

Lending group Funding Circle reported wider half-yearly losses as economic uncertainty kept a lid on loan growth. For the six months to 30 June, losses before tax widened to £30.8m from £27.1m a year earlier, while revenues increased 29% to £81.4m. Loans under management were up 37% to £3.54 for the half year-on-year; originations were up 14% to £1.19 vn year-on-year. The company left its guidance unchanged from its Q2 update, in which it said it expected to grow revenues by about 20% this year blaming an uncertain economic environment and proactive actions the company took.

At 8:46am: (LON:FCH) Funding Circle Holdings Plc Ord 0.1p Wi share price was +1.65p at 100.65p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.