Company
OSB Group PLC
LON:OSB
OSB Group PLC (formerly The OneSavings Bank group) is recognised as a specialist lender offering residential, buy to let and commercial mortgages, secured loans and development finance funded by a retail customer proposition based upon the provision of good value long and short term savings.
81 stories
OSB Group posts record first-half profits as base rate hikes kick in
CEO Andy Gold said OSB continues "to monitor our lending book closely for any early signs of stress, however the credit performance of our portfolio to date remains strong”
OSB to buy back shares after posting record annual profit
The retail lender reported a 51% rise in underlying profit for 2021
OneSavings Bank price target raised by Barclays after first-half profit growth
The UK challenger bank saw a 62% jump in profit in the first half
OSB lending drops as bank tightens up after suspected fraud
“We continue to control volumes in our more cyclical product lines"
OSB Group makes £20mln provision to cover suspected fraudulent activity
The dividend is back and applications have now recovered to near pre-COVID levels in OSB's core Buy-to-Let and Residential sub-segments
OSB Group thinks suspected fraudulent activity is an isolated incident
The announcement of the company's full-year results has been delayed because it has recently become aware of "potential fraudulent activity" by one of its borrowers
One Savings, Paragon and Virgin Money are buys as major banks struggle, says broker
Specialist lenders are highly profitable despite having to hold punitive levels of capital
OneSavings Bank reports modest improvements in third quarter
The challenger bank promised to “assess at the end of the year whether circumstances support the payment of a dividend for 2020, taking into account the macroeconomic and capital outlook”
OneSavings Bank surges as loan book expands in first half despite pandemic impact
CEO Andy Golding also said the lender had been “encouraged” by a recovery in application volumes since the housing market reopened, running at around 60% of pre-lockdown levels
OneSavings Bank gives payment holidays equivalent to 27% of mortgage book
“We entered the crisis with exceptionally strong capital and liquidity positions which allowed us to rapidly assist those concerned about potential financial difficulty”
OneSavings Bank cancels final dividend payment amid coronavirus crisis
The payout would have been 11.2p per share, amounting to a saving of £49.9mln
OneSavings Bank downgraded to ‘hold’ by Peel Hunt over coronavirus uncertainty
However, analysts see the long-term potential of the challenger bank
OneSavings Bank confident enough to raise dividend but not issue guidance
Analysts at Shore Capital said the CET1 level was much better than expected, which “puts the group in a very strong position to weather the upcoming economic challenges”
OneSavings Bank posts flat profit after being hit by merger chargers
OSB said it now expects to deliver "high-teens" net loan book growth in 2019 at "attractive margins" due to a strong third quarter
One Savings Bank and Charter Court get merger green light
Shareholders in OSB ended up with 55% of the enlarged company following the all-share merger.
Tesco Bank and Nationwide highlight impact of competitive pressures on wider banking sector
First-quarter results from Lloyds, Barclays, Royal Bank of Scotland and HSBC all revealed a drop in net interest margins - a key profit measure for banks.
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FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
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ITV to take spotlight on Wednesday as updates arrive from several blue-chip firms
Tobacco firm Imperial Brands and insurer Direct Line are also scheduled to report at the mid-point of the week
CYBG easier as Investec cuts to ‘hold’ from ‘buy’, with shares having rallied strongly since late December
"For the patient investor, we think CYBG offers further upside potential, but after a 26% return since 27 December, on a 12-month view, we see better value elsewhere," Investec's analysts said in a note
OneSavings Bank and Charter Court Financial Services agree merger and post 2018 profit growth
The challenger banks confirmed the merger alongside their results for the 2018 financial year
OneSavings Bank and Charter Court Financial Services confirm £1.6bn merger talks
OneSavingsBank and Charter Court Financial Services said a merger would create a specialised mortgage lender with greater scale and resources to take advantage of growth opportunities
OneSavings Bank shares gain as it expects loan book to grow 20% in 2018
OneSavings Bank said it recognises the uncertain macroeconomic outlook but its strong balance sheet and capital position "give us confidence in the business going forward"
Investments and investor services
J Sainsbury and retailers to be among highlights amid busy Thursday schedule
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
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Trump mid-term test and US rate decision to give week ahead a Trans-Atlantic twist
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
OneSavings Bank hikes interim dividend but tough rivalry in mortgages hits margins
OneSavings Bank said it expects net loan book growth of high-teens in 2018 while maintaining "an appropriate margin for the risks we are underwriting"
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
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CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
OneSavings Bank shares edge higher on Numis upgrade
Numis said OneSavingsBank's cost-to-income ratio is nearly half that of Lloyds
OneSavings Bank shares gain as it estimates strong growth in loan book for the year
OneSavings Bank said it is confident of delivering "at least mid-teens" growth in its net loan book this year
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
British challenger banks rise as CYBG’s £1.6bn bid for Virgin Money sparks talk of ‘inevitable consolidation’
Challenger banks have managed to take some customers away from the big players, but analysts reckon they might have to gang up if they’re to pose a more serious problem for Barclays, RBS and co
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Beer and pasties to provide sustenance, with updates due from Wetherspoons and Greggs
Day Ahead includes trading updates from pubs operator JD Wetherspoon and bakery chain Greggs, plus interims from blue chips cigarettes firm Imperial Brands and travel group TUI
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Rate hike unlikely from May Bank of England policy meeting after recent dull UK data
Aside from the latest Bank of England interest rate decision, the week ahead includes updates from Wm Morrison Supermarkets, Next, BT Group, ITV, and William Hill ...
OneSavings Bank points to higher costs as regulatory regimes tighten
One Savings said its market segment of professional landlords had remained strong
Investments and investor services
FTSE 100 closes higher as Dow Jones climbs after host of data
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Cineworld and Savills financial results in the spotlight for Thursday
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.
OneSavings Bank shares jump as ShoreCap says it sees loan book growing at strong pace
OneSavings group reported a 17% increase in its loan book in the first nine months of the year
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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M&S to announce further store closures at first half results as clothing division struggles persist
The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
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M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
Lombard Risk's contract win helps to underpin full-year expectations
Lombard Risk needs to shoot the lights out in the second half of its financial year to meet full-year targets but it has made an excellent start
FTSE 100 holds on to gains despite late swoon
The FTSE 100 was its gains eroded as the Jackson Hole chinwag got under way
Premier Oil: Wytch Farm, Catcher start-up and game changing Mexico discovery – there’s plenty to look for in Thursday’s results
Premier Oil will be among the highlights on Thursday's City agenda
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Final trading week of August, but some big news still to come from Persimmon PLC, BHP Billiton PLC, and Antofagasta PLC
Week ahead includes first half results from Persimmon PLC, Antofagasta PLC, Cairn Energy PLC, Premier Oil PLC, WPP PLC; full year numbers from BHP Billiton PLC
OneSavings Bank slides as major backer flogs £100mln stake
US private equity giant JC Flowers flooded the market with shares after selling a 10% interest in the challenger bank
OneSavings: like Lloyds, but without the PPI millstone
OneSavings Bank is a challenger bank. Who is it challenging?
OneSavings Bank earns on Rochester disposal as it posts 55% increase in full year profit
OneSavings Bank said it has entered 2017 with a strong pipeline of new business and expects to deliver net loan book growth in the "mid-teens"
Archive
Fed fall-out, Dutch elections and Sainsbury's sales to provide food for thought
A rise is taken as read, and – assuming the Fed does not perform a triple Salchow with accompanying back-flip – the focus will be on the Fed’s commentary in its post-meeting statement.
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What to make of Challenger Banks
Newcomers offer higher ROE, higher growth and attractive cost:income metrics
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Antofagasta closing in on a feasibility study of expansion of Los Pelambres
Big names reporting include Antofagasta, Hikma and Robert Walters.
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UK housebuilding in good shape, suggests Deutsche
An early look at some broker views on Tuesday
RBS and Lloyds lost their lustre? Do these two stocks offer an alternative?
Barclays upgraded the so called challenger banks OneSavings Bank and Aldermore to ‘overweight’ from ‘equal weight’.
Investments and investor services
FTSE 100 closes just below its all-time high
The FTSE 100 index surpassed its all-time closing high during the day but could not sustain it
Risers & Fallers: Edenville Energy, Evgen, Gable Holdings, Hostelworld, Octagonal, Univision
Evgen received a boost as its subarachnoid haemorrhage treatment has been given orphan status by the US FDA
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Brokers: Barclays bullish on financial services
The bank has picked out several banking and financial stocks that it likes the look of, although Barclays has had its own stock downgraded by UBS
OneSavings Bank pleased with business
Shares in challenger OneSavings Bank dipped a tad despite it saying it was on track to meet full year growth targets...
OneSavings a rare riser as broker turns positve
The stock, previously a ‘hold’, rose 8.8p, or 3%, to 315.9p. This provided some respite for investors, who have seen the shares lose almost a fifth of their value in the last month.
Market: Lenders flat despite buy-to-let mortgage boost
London’s blue-chip stocks were relatively flat today,
Risers & Fallers: Xaar, Aldermore, Standard Chartered, HSS Hire, OneSavings and more...
Below are the main news-driven share price movements at 4pm.
Investors in Drax and challenger banks count cost of UK budget
Risers & Fallers budget special: featuring Drax, Aldermore, OneSavings Bank, Shawbrook, Virgin Money, Lloyds, Barclays, HSBC, RBS, Aviva, and all the housebuilders
FTSE closes 58 points higher after Osborne Budget
George Osborne delivered the first Conservative Party budget for 20 years.