This week's preliminary results from S & U confirmed the trends highlighted in the trading update in February. The core Advantage non-prime motor finance business posted its 19th consecutive year of profit growth. This despite headwinds which saw an increasingly competitive market combined with S & U's decision to impose stricter underwriting criteria, which caused a fall in the total number of loans outstanding. Notwithstanding increased competition, Advantage's relatively low market share (c. ....
02 Apr 2019
S&U Update Note - Positive Results Overall
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S&U Update Note - Positive Results Overall
S&U plc (SUS:LON) | 1,900 -190 (-0.5%) | Mkt Cap: 230.9m
- Published:
02 Apr 2019 -
Author:
Oliver Juggins -
Pages:
6
This week's preliminary results from S & U confirmed the trends highlighted in the trading update in February. The core Advantage non-prime motor finance business posted its 19th consecutive year of profit growth. This despite headwinds which saw an increasingly competitive market combined with S & U's decision to impose stricter underwriting criteria, which caused a fall in the total number of loans outstanding. Notwithstanding increased competition, Advantage's relatively low market share (c. ....