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"
Company
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.
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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"
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Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
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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 said it expects net loan book growth of high-teens in 2018 while maintaining "an appropriate margin for the risks we are underwriting"
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The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
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There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
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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
Numis said OneSavingsBank's cost-to-income ratio is nearly half that of Lloyds
OneSavings Bank said it is confident of delivering "at least mid-teens" growth in its net loan book this year
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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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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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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 ...
One Savings said its market segment of professional landlords had remained strong
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Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
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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 group reported a 17% increase in its loan book in the first nine months of the year
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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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The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
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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