Company
S&U PLC
LON:SUS
S&U PLC is the UK's foremost specialist motor finance & bridging lender. The company has provided credit services since 1938 and has been listed on the London Stock Exchange since 1961. Since this time, it has delivered consistent and sustainable profit growth and its seasoned management team has an unparalleled understanding of how to deliver value to all of its stakeholders, from customers through to investors.
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Spotlight on S&U: Anthony Coombs explains why it likes "people on the way up"
S&U chair Anthony Coombs explains how the used car and bridging loan markets are faring as interest rates rise
S&U hikes dividend as it sees 'opportunities to grasp' in pessimistic market
“Whilst rightly more cautious in a less promising economic climate, S&U is equipped with the ambition, experience and determination to prosper,” said chairman Anthony Coombs
S & U shares spike 11% after its strong trading statement; broker repeats 'buy' advice
“Economic deterioration may exert future pressure on operating expenses, impairment and finance costs but the top line performance is tracking ahead of our estimates and the good momentum highlights the attractive valuation of the shares,”
S&U performs ahead of expectations but maintains cautious tone
The finance group said receivables had increased £30mln to £370mln since its last update
S & U ahead of budget this year
The used-car market which Advantage Finance serves remains supply-constrained so values remain strong, which has contributed to sales volumes growing steadily at the motor finance arm
S&U posts record earnings per share after "stunning" comeback by car financing division
The current trends in both of its businesses remain very encouraging with current new loans this financial year already beating budget, S&U revealed
Berenberg sees growth at Funding Circle, Secure Trust Bank and S&U
Specialist lenders Funding Circle Holdings PLC and Secure Trust Bank PLC were initiated with “buy” ratings at Berenberg, while S&U PLC was given a “hold” recommendation, with the analysts noting growth prospects for the three companies.
S & U charges higher after raising profit expectations
A year in which used car prices actually went up and house sale activity was boosted by the largesse of the government created highly beneficial conditions for the lender
S&U profits rebound; foundations in place for 'historical" levels of growth
Growth is accelerating in both businesses despite a relative lack of used car supply and a quieter housing transaction market
S&U ‘back on track’ with interim profit growth
“As the legacy of Covid gradually fades and brightening skies appear, S&U is robustly back on track and driving forward to our usual standard of profitable, sustainable growth”
S&U says profitability, collections and book debt quality all ahead of expectations
“The challenge now is to grasp these opportunities for new growth. I am confident that we will do so," said chairman Anthony Coombs
S & U profits ahead of expectations in fiscal first quarter
In a statement released ahead of the lender’s AGM today, the company said it had “weathered the COVID pandemic and its consequences quite superbly”
S&U heavily geared to UK lockdown easing says Peel Hunt
Share price target rise by 26% and rating is now 'buy'
S&U anticipates rebound as UK market emerges from pandemic
In an outlook statement accompanying its full-year results, the motor finance and specialist lending firm said recent government measures announced in the UK Budget “should, in conjunction with the vaccination programme, make a swift return
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S&U says trading remains profitable, expects significant rebound post-lockdown
In a trading update covering the period from December 9, 2020, to January 31, 2021, the motor financing specialist said customer demand in both of its divisions “remains strong” with good collection quality
S&U eyes future with confidence
S&U saw encouraging summer trading as restrictions were eased
S&U says it is in fine fettle as trading rebounds
In a trading update for the period from August 1 to December 8, 2020, the group said demand for used cars and their auction values have “recovered well”, which was reflected in an improved rate of transactions at its Advantage business
S&U highlights encouraging rebound in trading following lockdown
The chairman of the specialist motor finance and bridging lender also said it has “significant opportunities” to attract new customers and increase market share going forward
S & U encouraged by recent trading trends although consumers remain “skittish and cautious”
The trends are undoubtedly heading in the right direction but there is still too much uncertainty for the group to feel confident about providing full-year guidance
Second-hand car interest now outstripping pre-coronavirus levels
More searches are being carried out than in the weeks preceding the lockdown
S & U sees its conservative approach paying dividends "literally and figuratively"
Both of the group's businesses have been hit by the coronavirus lockdown restrictions but it has not applied for any money under government support schemes during the crisis and remains confident of future prospects
S&U will emerge from crisis stronger and fitter says car finance specialist's chairman
Profits rose for a twentieth year running in the period to January
S & U sees pick-up in trading since the General Election
The used car market remains robust and its Advantage business, to coin a phrase, has taken advantage of this
S&U trading holds firm despite UK’s “political vacillation”
The lender says trading has continued in line with expectations despite what it says is slowing economic growth and a "downbeat prognosis" for UK consumer spending
S&U appoints industry heavy-hitter to run car finance arm Advantage
Anthony Coombs, chairman, said he every confidence in the business whatever 'the outcome of the current maelstrom in Westminster'.
S&U shrugs off weak car market and subdued housing market to deliver strong trading
"Trading in the first half of the year reflects continued and consistent growth in profitability which has been the S&U hallmark over the past 10 years," said S&U chairman Anthony Coombs
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Stilo putting on the agony after a profit warning
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S & U encouraged by recent trends
Advantage's continuing policy of focussing on debt quality is proving its worth in light of current economic uncertainty
Rising demand for second-hand cars bodes well for S&U, says City broker
Unlike new car sales, sales of used cars have “grown consistently” since 2009, and are projected to continue rising until at least 2023
S&U upgraded to ‘buy’ by Peel Hunt after reporting another year of record profit
The City broker expects Peel Hunt to generate record profits again in the current financial year
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Carnival sinks as it lowers full-year guidance
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S & U revs higher after better-than-expected results
The year just ended saw a pause in transactions growth at 21,053, down 14% year-on-year. The reasons for this "are sensible and soundly based", said the company's chairman, Anthony Coombs
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FTSE 100 closes higher as global growth fears ease, but Carnival shares sink
The UK's premier index closed up nearly 19 points at 7,169, while FTSE 250 added over 96 at 8,896
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Fizzy drinks on the table as Fevertree Drinks and AG Barr both provide updates
Aside from the fizzy drinks firms, the Day Ahead will also bring updates from plumbing and heating products supplier Ferguson and North West Water firm United Utilities
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Local Shopping REIT slides as offer terms from Thalassa disappoint
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S & U sets new record for monthly collections in January
Used car values and volumes, including those of modern diesel vehicles, continue to outperform the new market both in the franchise dealer and independent retailer sectors
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AJ Bell hits the right note on its market debut
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S & U well-placed to benefit from upturn in the used car market
Trends within the business have seen the group become more cash generative
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FTSE 100 closes higher on day after dreadful week for European benchmarks
"A collective sigh of relief was felt across Oil markets after OPEC+ delegates successfully reached an agreement to cut production by 1.2 million barrels per day," said Lukman Otunuga at FXTM
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Versarien agrees to joint-venture in China's Jinan innovation zone
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S & U to ramp-up the size of the loan book at Aspen Bridging subsidiary
"We are now in a great position to build the business and to take advantage of the substantial opportunities we are seeing in the property bridging market," the company said
FTSE 100 closes lower as UK politics, Brexit remain the focus
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
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Sativa Investments shares light up; discoverIE Group shares march higher
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FTSE 100 closes in red as Wall Street shares lag; Brexit exhaustion
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.