Company
Secure Trust Bank PLC
LON:STB
Secure Trust Bank is an established UK retail bank. Its core business is to provide banking services including a range of lending solutions and deposit and fee-based current accounts to UK customers who may not be adequately served by other banks. The Company, which was incorporated in 1954, operates predominantly from its head office in Solihull, West Midlands, had 263 employees as at 31 December 2011, and has been a subsidiary of Arbuthnot Banking Group since 1985. The Company’s diversified lending portfolio focuses on motor finance, retail point of sale finance and unsecured personal loans. Its lending is entirely funded by customer deposits, with no exposure to wholesale funding. Secure Trust Bank is traded in the NEX Exchange HERE
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Secure Trust Bank up to ‘hold’ for Peel Hunt after stronger-than-expected interims
Underlying profit before tax came in at £5.8mln while loan balances fell by only 3% thanks to weighting on real estate
Secure Trust Bank cashes in as profits rise just shy of 36%
The group reported an adjusted pre-tax profit of £36.7mln, up 35.9% on the prior year and in line with market expectations, helped by a 24.6% increase in customer deposits to £1.85bn
Archive
Blue chips to swerve Thursday’s Brexit fall-out, small caps will be in spotlight
IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
Secure Trust Bank expects 2018 results to be in line with expectations, but Peel Hunt downgrades on Brexit uncertainty
Secure Trust said its customer numbers in Retail Finance, Motor Finance, Mortgages and SME lending balances increased in the year to 31 December 2018
Investments and investor services
Genel Energy and Ted Baker in the spotlight ahead of Thursday’s results
The Kurdistan oil and gas business releases its results on Thursday, while investors will be hoping to see continued momentum for the fashion retailer.
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FTSE 100 closes lower for third day in a row
The fall-out from the Carillion collapse continued, the US market saw more volatility, meanwhile, Bitcoin continued to slump testing US$10,000.
Archive
Burberry and Pearson both have lots to do to confound sceptics
Luxury trench coat maker Burberry has a new boss and investors will be looking for signs that his plans for a transformation are starting to bear fruit
Archive
Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Investments and investor services
FTSE 100 closes 21 points down ahead of Easter weekend
Yesterday the FTSE 100 briefly rose above 7,400 ... today, a sub-7,300 level beckons
Archive
Day ahead: Ten Entertainment float could score a strike; Hays to update
The UK's second largest ten-pin bowling operator, Ten Entertainment will have an initial market cap of £107.25mln when conditional trading starts in London
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Week ahead: Recruiters to provide Brexit insight while Tesco delivers finals
Week ahead: Tesco, Pagegroup, Hays, JD Sports, WH Smith ...
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Proactive news round-up: 88 Energy, Iofina, Ariana Resources ...
A glance at some of the stories on the Proactive newswire today.
Secure Trust raises red flag over unsecured personal loans market
STB will re-enter the unsecured personal loan market once competitors stop offering loans at stupidly low interest rates
London stocks start long weekend early
We all might as well have started the long weekend a day early for all the activity in the UK market today
Risers & Fallers: Circle Oil, European Metals, Koovs, Nature Group, Secure Trust Bank, and Westminster
Struggling Circle Oil got some leeway, Koovs secured funding, and Arbuthnot Securities is selling a big chunk of Secure Trust Bank.
Arbuthnot loosens grip on Secure Trust with £145mln sale
Secure Trust will move to a premium listing on the main London stock market once the deal completes.
Banking shake-up sparks criticism from rivals
Big banks welcome watchdog's review but rivals and consumer groups brand it inadequate