S & U lifts dividend as motor finance arm delivers record year
S & U said its trading remains strong and in line with expectations
Company
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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S & U said its trading remains strong and in line with expectations
The US rally fizzled out prompting a late sell-off in an already below-water London
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The day ahead includes trading updates from Victrex and S & U along with UK economic data on manufacturing production and trade
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A glance at some of the day's highlights from the Proactive Investors newswire
The share price fall in S&U was a bit mystifying; perhaps it was a further slight deterioration in the impairment percentage
Not for the first time, S & U chairman Anthony Coombs was questioning whether forecasts of a slowing economy are on the money
Investments and investor services
UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
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A glance at some of the day's highlights from the Proactive Investors newswire
"I am particularly pleased to confirm funds released through the hedging facility will not carry any geographical restrictions. This means we will be able to deploy capital across our entire portfolio," said CEO, Matt Lofgran
Car finance applications and transactions in the half year were both up around 20% on a year ago
If the 7,300 level were a fence, Footsie would have spent the whole day sitting on it
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Carnival and Thomas Cook issue trading updates tomorrow with the devastating Caribbean hurricanes likely to be key features of both
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Some of the day's highlights from the Proactive newswire...
A look at some of the biggest risers and faller in London today ...
New loan transactions at Advantage are up by 20% while monthly collections from customers hit an all-time high in July
The blue-chip index closed at 7,512, up 37 points on the day and 143 on the week
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The bank's second quarter is expected to have followed a similar pattern to those that preceded it: decent underlying performance overshadowed by legacy issues
Advantage Finance motor division continues to receive more than 80,000 applications for loans a month and customer numbers now stand at a record 58,000
Customer numbers are at a record level at Advantage Finance
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A glance at some of the stories on the Proactive newswire today