Proactiveinvestors United Kingdom - General Financials RSS feed Proactiveinvestors United Kingdom - General Financials feed en Fri, 19 Jan 2018 09:41:31 +0000 Genera CMS Hargreaves Lansdown tops FTSE 100 leader board as Barclays Capital hikes target price by 26% Thu, 18 Jan 2018 11:28:00 +0000 Experian posts 5% increase in third quarter organic revenue driven by North America Thu, 18 Jan 2018 08:22:00 +0000 Argos drops Provident Financial arm Vanquis as lender's struggles continue Tue, 16 Jan 2018 09:48:00 +0000 Credit due: Experian up as a second broker upgrades to 'buy' ahead of trading update due next week Tue, 09 Jan 2018 10:37:00 +0000 Credit given: UBS raises stance for Experian to 'buy' ahead of trading update 7%, for the first time since 2013”]]> Mon, 08 Jan 2018 11:32:00 +0000 Deutsche Bank upbeat on European insurance sector, raising price targets for a swathe of UK names Thu, 04 Jan 2018 10:33:00 +0000 3i Infrastructure sells stake in UK water company Anglian Water Mon, 18 Dec 2017 08:35:00 +0000 1pm's wholly-owned subsidiary, Academy Leasing acquires motor finance brokerage, CarFinance2U Wed, 13 Dec 2017 11:42:00 +0000 Demand for S & U's products remains ‘very robust’ Thu, 07 Dec 2017 10:03:00 +0000 1PM expects record first half revenues and a profit leap boosted by recent acquisitions Wed, 06 Dec 2017 11:49:00 +0000 Provident Financial: City Liberum broker adds to the pain as it issues 'sell' 32-page note Tue, 05 Dec 2017 14:14:00 +0000 Provident Financial in trouble again as regulator probes car loans subsidiary Moneybarn Tue, 05 Dec 2017 09:11:00 +0000 PCF's results ahead of expectations on back of organic portfolio growth Tue, 05 Dec 2017 08:04:00 +0000 LSE chairman to step down in 2019 after shareholder calls for his resignation over CEO ousting Wed, 29 Nov 2017 07:27:00 +0000 BoE Governor Mark Carney urges clarity over removal of LSE boss amid row with investor Tue, 28 Nov 2017 13:57:00 +0000 Provident Financial announces sudden death of chairman Manjit Wolstenholme Fri, 24 Nov 2017 08:24:00 +0000 Charles Stanley slumps as it issues profit warning, citing regulatory headwinds Wed, 22 Nov 2017 09:49:00 +0000 Analyst lauds 'terrific' Prudential's nine-month numbers Thu, 16 Nov 2017 10:49:00 +0000 Experian sees spike in enrolments after data breach at Equifax as it reports first half profit growth Wed, 15 Nov 2017 08:13:00 +0000 STM resumes trading as it challenges investigation by Gibraltar financial regulator Tue, 14 Nov 2017 13:58:00 +0000 Activist fund calls meeting to reinstate London Stock Exchange chief executive Fri, 10 Nov 2017 07:41:00 +0000 OneSavings Bank shares jump as ShoreCap says it sees loan book growing at strong pace Wed, 08 Nov 2017 11:46:00 +0000 LSE insists it followed proper procedure for CEO succession Mon, 06 Nov 2017 08:02:00 +0000 TP ICAP: City split after bearish update and CFO departure Mon, 06 Nov 2017 06:01:00 +0000 St. James's Place Capital sees funds under management rise by 3.2% boosted by pension product inflows Tue, 24 Oct 2017 08:12:00 +0100 Schroders achieves record assets under management in third quarter Thu, 19 Oct 2017 09:19:00 +0100 LSE boss Xavier Rolet steps down as it reports third quarter revenue and profit growth Thu, 19 Oct 2017 08:38:00 +0100 Ignore the rally, Provident Financial still has major problems say analysts Fri, 13 Oct 2017 14:00:00 +0100 Provident Financial backtracks on home credit strategy as it launches recovery plan Fri, 13 Oct 2017 09:05:00 +0100 Hedge fund giant Man Group to take US$15mln hit in 2018 from MiFID II Fri, 13 Oct 2017 08:23:00 +0100 S&U says 'responsible lending' has transformed financial markets Anthony Coombs, Chairman of S&U (LON:SUS) tells Proactive he is confident about his company's future and says current trading is very good despite warnings by forecasters, who he says, are "sometimes right and sometimes wrong".
Following Brexit deal headlines today Anthony also underlines the EU's trade surplus with the UK and says an agreement is reachable because it's very much more in the EU's interest to settle.
Founded in 1938 and floated on the stock exchange in 1961 S&U plc is the United Kingdom’s foremost niche specialist finance provider. Anthony also declares new responsible lending rules as the main reason why S&U's business is in such good shape.

Fri, 08 Dec 2017 16:06:00 +0000
PCF Group Results Ahead of Expectations PCF (LON:PCF) Group's Scott Maybury tells Proactive why the group's latest results are particularly impressive against a background of strong retail deposit numbers.He says solid business growth and increased profitability are just two reasons why PCF is doing so well. The full-year results were well ahead of expectations and the launch of it's deposit-taking banking operations arm which was expected to give a shot in the arm to the group seems to have done just that. Underlying profit before tax in the year the end of September up 25% on a pro forma basis from £4.0mln the year before.

Tue, 05 Dec 2017 16:32:00 +0000
Taking AIM at small cap dividend payers Proactive Investors correspondent and virtual fund manager John Harrington dropped into the studio for an update on his 'Aim sustainable dividend payers' portfolio.

Harrington says there’s a running gag on the Proactive editorial team about the use of the phrase “that rarity on Aim, a dividend paying stock ... but the truth is there are just under 270 stocks on Aim that are paying a dividend, which is just over a quarter''.

He also gives a quick word on the performance of the 'bombed out but bouncing back' portfolio , which surprisingly, has enjoyed a reversal of fortune.

Thu, 02 Nov 2017 15:56:00 +0000
Schroders European Real Estate Trust investing in commercial sites in 'winning cities' Tony Smedley, manager of the Schroders European Real Estate Trust (LON:SERE), tells Proactive they pick the fastest growing European cities and buy properties in the best locations.

‘Winning Cities’ is its theme says Smedley, who explains that rather than a general country approach Schroders goes for key cities as they tend to grow faster than their domestic economy.

Schroders has 100 people on the ground in Europe. That gives it a lot of local knowledge and means it can drill down to the details.

Tue, 03 Oct 2017 08:46:00 +0100
S & U plc expecting car finance demand to remain strong Anthony Coombs, chairman of S & U Plc (LON:SUS) tells Proactive they've enjoyed another strong half year for their car finance arm Advantage and is expecting demand to remain strong.

Applications and transactions in the half year to July were both up around 20% on a year ago, at a record 440,000 and 12,542 respectively.

Wed, 27 Sep 2017 14:06:00 +0100
S&U car finance subsidiary still driving trade upward New motor finance loans and collections hit an all time high as S&U (LON:SUS) continue to outperform expectations, with debt quality good. Anthony Coombs tell us why motor finance is doing so well and why worries about mushrooming debt (recently talked about by The Bank of England) are irrelevant when you're picky about who you lend to and when collections are at an all time high.

With new loan transactions up 20% year on year, no wonder Anthony's smiling and it looks like a steady drive for S&U in the motor finance market.

Fri, 04 Aug 2017 11:15:00 +0100
Launch of PCF Bank 'a really big event for us' - PCF Group's Scott Maybury Scott Maybury, chief executive of PCF Group Plc (LON:PCF) tells Proactive that after three long years, they've now launched PCF Bank and are ready to start taking retail deposits.

Thu, 20 Jul 2017 15:11:00 +0100
'We've had an excellent first half' - Private & Commercial's Scott Maybury Scott Maybury, chief executive of Private & Commercial Finance Group plc (LON:PCF) tells Proactive's Andrew Scott: ''We've continued our upward trend in profitability and continued our new business and portfolio growth which means we're very comfortable  with market expectations''.

Tue, 06 Jun 2017 09:25:00 +0100
'Business is very good' - S & U chairman Anthony Coombs Anthony Coombs, chairman of S & U Plc (LON:SUS) speaks to Proactive following the firm's AGM saying trading remains strong.

The fiscal first quarter saw a record number of loan applications, and new loan transactions were up a fifth year-on-year, while average loan quality was even better than it was a year ago.

Fri, 19 May 2017 10:42:00 +0100
S & U Plc 'continuing to go from strength to strength' Anthony Coombs, chairman of S & U Plc (LON:SUS) tells Proactive they're very pleased to have achieved 17 successive years of record profits in Advantage Motor Finance.

''It's gone from strength to strength ... they've got a fantastic team there''.

The company revealed a 29% year-on-year increase in profit before tax from continuing operations of £25.2mln, compared to £19.5mln the year before.

Wed, 05 Apr 2017 13:33:00 +0100
Private & Commercial's Scott Maybury talks of 'very good response' to £10mln raise Scott Maybury, chief executive of niche lender Private & Commercial Finance Group plc (LON:PCF) talks to Proactive about the company's £10mln raise.

Maybury adds they have £500,000 on an open offer which is open until early April.

The net proceeds will be used to purchase high quality liquid assets to maintain predetermined liquidity ratios for retail deposit taking and operate comfortably within the relevant regulatory capital regime.

Fri, 17 Mar 2017 15:55:00 +0000
Bob Diamond 'could stand to benefit from Panmure Gordon recovery', says Proactive's Dyer Proactive Investors' Renae Dyer speaks to Stocktube about the news ex-Barclays boss Bob Diamond is to buy stockbroker Panmure Gordon.

Fri, 17 Mar 2017 13:51:00 +0000
Private & Commercial Finance making big strides towards bank status Scott Maybury, chief executive officer at Private & Commercial Finance (LON:PCF), talks to Proactive Investors about the progress the company is making towards achieving bank status and how it looks confidently towards the future.

Fri, 10 Mar 2017 15:59:00 +0000
Another strong set of results for Charles Taylor David Marock, Group Chief Executive Officer of Charles Taylor PLC (LON:CTR), says with top line growth of almost 20%, 2016 was a "really solid year."

Marock describes the core strategic initiatives the company is developing such as Charles Taylor InsureTech which he hopes will create future growth for the supplier of professional services to the insurance industry.

Thu, 09 Mar 2017 09:39:00 +0000
Capital Network's Fahad Changazi on Charles Taylor's growth potential Insurance support services which creates around 30% of earnings is the 'exciting' division at Charles Taylor according to Capital Network analyst Farhad Changazi.  "This is where they are looking to invest in more teams to create more disruptive services in the insurance world end-to-end digital propositions."

When this division grows, says Changazi, it could mean potential growth in earnings for the global insurance market service provider in 2018.

Wed, 08 Mar 2017 13:07:00 +0000
Golden cross suggests 10% upside at AFH Financial Zak Mir reckons the ‘golden cross’ on the AFH Financial Group PLC (LON:AFHP) at the start of this month could see shares add another 10% in the coming months.

“[We’ve had] a couple of golden crosses there; one was in the summer of 2015 and the next one at the beginning of this month so far seems to be working,” explains Mir.

“While we’re above the 50-day moving average at £1.68, we could hit the top of a rising trend channel from 2015 as high as £2.10 over the next three to six months.”

Wed, 01 Mar 2017 11:15:00 +0000
'We're at the start of the journey' says AFH Financial Group's CEO Alan Hudson Alan Hudson, chief executive of AFH Financial Group (LON:AFHP) tells Proactive's Andrew Scott they're a financial planning led wealth manager. ''Our primary role is to help people with their financial planning and then we're a vertically integrated business so we then manage their portfolio to help them meet their financial planning objectives''.

Fri, 24 Feb 2017 13:57:00 +0000
An 'exceptionally exciting time' for Gresham House, says CEO Tony Dalwood Gresham House (LON:GHE) chief executive Tony Dalwood tells Proactive they're a specialist asset management business, adding they look to ''generate long term performance from what people deem as alternative asset management strategies.''

''Over the last three years we transformed what is probably the oldest London Stock Exchange quoted business - formed in 1857 - into this specialist asset management business with a new team'', Dalwood says.

''We back management teams - typically we're aiming to listen to their vision and work out how we can enhance and support it''.

Mon, 30 Jan 2017 16:20:00 +0000
'We've grown very strongly in the last 18 months', says Impax Asset Management boss Ian Simm, chief executive of Impax Asset Management Group PLC (LON:IPX), spoke to Proactive about the company's focus and expectations for 2017.

As of December 31st 2016, assets under management reached a new peak of just over £5bln - an increase of 12% over the quarter.  

Asked why they have a particular focus on efficiency and the environment, Simm tells Proactive: ''It's fascinating just how these businesses really work. The technology, the regulation, the management dynamics - there's a huge opportunity to make money''.

Thu, 26 Jan 2017 14:26:00 +0000
"Very tough" environment for UK retailers post-Brexit, says The Share Centre's Miah Research analyst Helal Miah of The Share Centre (LON:SHRE) discusses UK retailers' outlook for 2017 amid intense competition, worries about Christmas trading and a potential rise in inflation post-Brexit.

Commenting on the "very disappointing" set of results from clothing retailer Next (LON:NXT) and the ensuing fall in its share price, he points out that the company is a bellwether for the sector. "With a 7% drop in Christmas sales, this is having on knock-on impact on the rest of the sector and for the coming weeks," he notes.

Given rising inflation and wage pressures, it's going to be a "challenging" and "very tough" environment where margins will continue to be squeezed, he says as Brexit uncertainty will weigh.

Wed, 04 Jan 2017 14:00:00 +0000
Banking licence 'transformational' for Private & Commercial, says CEO A banking licence for niche lender Private & Commercial Finance Group plc (LON:PCF) will mean it can grow its loan book faster and get cheaper access to funding to expand.

The granting of the licence has been a long term goal of the AIM group, which provides finance for cars and SMEs.

CEO Scott Maybury tells Proactive: ''A rigorous application process but we came through it. It's been a two year project for us ... so very very pleased and it's absolutely transformational for our business''.

In March, the group changed its year end to September 30 and the 12 month underlying pre-tax profit to that date was up 38% to £4mln compared to £2.9mln in 2015.

Fri, 09 Dec 2016 12:23:00 +0000
S&U boss Anthony Coombs very pleased with trading S&U Plc (LON:SUS) boss Anthony Coombs has told Proactive Investors that he is very pleased with the group’s trading performance

He adds that trading remains very buoyant despite public prognosis about a post-Brexit gloom.

“We do feel very buoyant and our collections profile is also very strong,” Coombs said in the interview.

Thu, 08 Dec 2016 14:04:00 +0000
A 'record year' for the Canadian Securities Exchange, says CEO Richard Carleton ''We've had a record year'', says Richard Carleton, chief executive of the Canadian Securities Exchange (CNSX:CSE).

''We're more than two times ahead of last year's record pace and listings on the exchange have also been quite robust.''

''We are growing against some pretty considerable headwinds but we continue to grow the market and turnover - especially in the last two quarters - has been nothing short of exceptional''.

Carleton adds: ''We have in total 316 companies, about 150 of those companies are in the mining space, as you would expect to see in a Canadian early-stage exchange''.

''From a market cap perspective they're not representing half of the market cap at this point. Obviously a number of the companies are facing headwinds with low commodity prices in a wide range of metals and minerals and we look forward to seeing those companies come up in the tables in the years to come''.

Wed, 30 Nov 2016 10:26:00 +0000
'A massive, transformational year' says Stargroup Ltd's Todd Zani The financial technology company Stargroup Ltd (ASX:STL) listed on the Australian Securities Exchange and is the only listed company there deploying ATM machines across the country.

CEO and Executive chairman Todd Zani tells Proactive: ''We've had a massive year - 520% growth in revenue, we're on track this year for another 300% growth. It's been a massive transformational year for us''.

Discussing what's driving that growth, Zani says ''We did do two acquisitions during the year. We bought two smaller ATM networks, it's a fairly fragmented market in Australia, so we picked up a couple of really good sales networks ... the rest has been organic growth''.

Sun, 20 Nov 2016 22:30:00 +0000
AIM market 'thrived' amid Brexit uncertainty, says Henderson's Colin Hughes Brexit uncertainty saw activity on the UK's flotation market sink to a four-year-low. However London's junior market thrived with new listings up 47%, according to Henderson Managed Investment Trusts.

UK Fund Manager at Henderson Colin Hughes told Proactive: The problem for the main market for the larger cap stocks is that most of the stocks are looking for a large sale of secondary stock, typically owned by a private equity house and the market quite correctly interprets a lot of that as being potentially dressed up for sale and that the company and the private equity both view listing on the market as the end of the journey''.

Hughes went to say ''On the AIM market where we're really dealing with growth companies who've got their lives ahead of them, they're looking for investors for primary capital to aid their growth and I think there's a better meeting of minds about where that business is capable of growing and going to over the subsequent years. ''

Thu, 27 Oct 2016 09:58:00 +0100
FTSE 250 profit warnings 'more company specific' says Hargreaves Lansdown's Khalaf A series of profit warnings have taken its toll on the FTSE 250 including from the likes of the IT security expert NCC as well as the  engineering firm Keller and Senior. Today, Cobham Aviation Services released its second warning in just six months.

Laith Khalaf, senior analyst at Hargreaves Lansdown, tells Proactive: ''There are obviously some underlying issues that were already there - they've been highlighted by difficult trading conditions.''

''In terms of the companies that we've seen issuing profit warnings I don't think there's any rhyme or reason in terms of the sectors that have perhaps been hit. You could make a case that there have been certain sectors which have been struggling more than others since the EU referendum vote and probably the particular two which come to mind are the airline industry and also the retailers'', Khalaf added.

Mon, 24 Oct 2016 14:16:00 +0100
S & U plc looking to diversify with new bridging finance pilot Motor finance company S & U Plc (LON:SUS) will spend up to £20mln investing in a new pilot property bridging finance business over the next 18 months if it deems it worthwhile.
So says chairman Anthony Coombs, talking to Proactive,  after the company  posted six month results to the end of July - a period, which saw the niche lender sign its 100,000th customer at its Advantage motor finance business.
Coombs highlighted that in the latest half it had invested a further £23.3mln in the Grimsby-based motor finance arm, where capital receivables from customers have reached £200mln for the first time.
The property finance pilot will allow the firm to diversify further, he said, and will be geared at people who may need a short term loan while stuck in a mortgage chain, or who are looking to refurbish a buy-to-let property.
Market research group Mintel reckons the market is likely to go from £5.8bn now to £9bn by 2020, says Coombs.
In the six months to July 31, profit before tax at the group shot up 35% to £11.9mln from £8.8mln in the corresponding period of 2015 on the back of a 39% increase in revenue to £28.3mln from £20.4mln the year before.
The half-year saw record amounts of motor finance loans at Advantage Finance, with advances to vehicle purchasers up 54% year-on-year.

Thu, 29 Sep 2016 14:54:00 +0100
STM Group Plc's Kentish and Neish talk international pensions and Brexit STM Group chief executive Alan Kentish and chief financial officer Therese Neish joined Sarah Lowther in the Stocktube studio to discuss international pensions, tax jurisdictions and what implications may lie ahead as a result of June’s Brexit vote.
The company is an AIM listed provider of pension services to what it describes as ‘mainstream expats’ with key markets such as Gibraltar, Malta, and Spain.

Mon, 19 Sep 2016 09:52:00 +0100
WH Ireland’s Brendan Long talks Hurricane Energy, Parkmead, Jersey Oil & Gas and Xcite Brendan Long, oil and gas companies analyst at stockbroker WH Ireland, speaks to Proactive Investors’ Stocktube about what he describes as “an exciting period” for a number of independent North Sea operators.
Specifically, he talks about Hurricane Energy’s latest success at the Lancaster field – which continues to grow in both size and stature – as well as deal makers Parkmead and Jersey Oil & Gas which have separately strengthen significantly through new transactions.
Long notes the significant potential presented by each of these companies and their North Sea projects.
But, having a good asset is only part making a stock market success. So, Long also dissects the failure of Xcite Energy which he sees as something of a cautionary tale.

Fri, 16 Sep 2016 12:45:00 +0100
Hargreaves Lansdown's Khalaf looks at UK retail sales figures Laith Khalaf, senior analyst at Hargreaves Lansdown, walks us through July's UK retail sales numbers.
Post the Brexit vote, sales volumes rose 5.9% last month (July) compared to the year before, which was better than economists had expected at a 4.2% rise.
Commenting on the figures, Khalaf noted that July was a warm month and that "tends to bring people out, and bring their wallets out".
He said it was difficult to pin too much significance to one month's figures as there were random effects in any one month.
On the wider retail sales picture, he said volumes had actually been generally rising, although there has been deflation in pricing in the food sector, though that was now easing.
Thu, 18 Aug 2016 19:03:00 +0100