UK shareholder meetings calendar - next 7 days
17th Sep 2024 13:48
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - LendInvest PLC on Monday announced a profit warning due to accounting issues with the sale of its residual economic interest in the Mortimer BTL 2023-1 securitisation. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
LendInvest PLC - London-based non-bank mortgage lender - Successfully closes three-year strategic funding facility, which is valued at GBP42.5 million. Notes that the facility is with an unnamed "global alternative investment manager." Says proceeds from the transaction will be used to refinance an existing short-term, buy-to-let and residential mortgages funding facility. Read More
LendInvest PLC - London-based non-bank mortgage lender - Says in the year ended March 31, Platform assets under management grew 7.6% to GBP2.78 billion from GBP2.59 billion a year prior. Funds under management jumped 15% to GBP4.13 billion from GBP3.61 billion a year ago. Looking ahead, LendInvest expects to announce full-year results in line with market expectations with respect to both net operating income and pretax profit. Says it remains "cautiously optimistic" of returning to profitability during financial 2025. Chief Executive Officer Rod Lockhart says: "Throughout the year, despite the broader challenges, we've continued to make progress against our long-term strategic goals. Our adaptability in response to dynamic market conditions and commitment to our customers are underscored by our ongoing product innovation and the evolution of our proprietary next-gen technology." Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
LendInvest PLC - London-based non-bank mortgage lender - Shares rise as its subsidiary LendInvest BTL Ltd completes the GBP5 million sale of its non-risk retention residual interest in the Mortimer BTL 2023-1 PLC securitisation. Says the transaction will result in a reduction in gross loans and advances of around GBP392 million, alongside a net pretax gain of around GBP12.1 million for its financial year ending March 31. In financial 2023, pretax profit ticked up to GBP14.3 million from GBP14.2 million the year before. In the first half of its financial 2024, LendInvest swung to a pretax loss of GBP15.1 million from a profit of GBP14.8 million a year earlier. Read More
(Alliance News) - LendInvest PLC on Tuesday announced no interim dividend, a change from a year ago, as it swung to a pretax loss amid a contraction in new lending. Read More
(Alliance News) - FRP Advisory Group PLC on Tuesday lifted its dividend as profit more than doubled in the first half of its financial 2024, while it also said its non-executive chair will retire in the new year. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
LendInvest PLC - London-based non-bank mortgage lender - Notes LendInvest Btl Ltd prices its fifth securitisation of GBP410 million of UK prime buy-to-let mortgage loans in an oversubscribed residential mortgage backed security transaction. It expects the transaction to close next week Wednesday, and total funds under management to rise to GBP4.2 billion. LendInvest Chief Executive Officer Rod Lockhart says: "We're pleased to have priced LendInvest's fifth and largest securitisation transaction to date, which has drawn significant appetite from investors even during challenging market conditions, demonstrating the continued attractiveness of the asset class. LendInvest continues to leverage its technology platform to provide disruptive solutions in the mortgage market, giving us a competitive edge with brokers and borrowers and helping us to continue to attract diverse sources of capital." Read More
(Alliance News) - LendInvest on Tuesday cited high interest rates and inflation as it expects pretax profit in financial 2024, ending March 31, to be "materially below market expectations". Read More
LendInvest PLC - London-based non-bank mortgage lender - Says on Thursday it was notified of a customer and applicant personal data breach. Confirms the data was not held within LendInvest's main system. Notes data is no longer exposed and there is no evidence of personal information being misused. Breach investigation is ongoing. Read More
(Alliance News) - Lendinvest PLC on Tuesday said it slightly increased its annual profit and raised its total payout despite earnings falling amid an "uncertain" and "challenging" climate, expressing confidence in its resilience and adaptability. Read More
(Alliance News) - LendInvest PLC on Monday said that it has received funding from Chetwood Financial Ltd to fund part of its future mortgage originations. Read More
(Alliance News) - LendInvest PLC on Tuesday announced the sale of a portfolio of buy-to-let residential mortgages to Chetwood Financial Ltd for around GBP243 million. Read More
(Alliance News) - LendInvest PLC on Thursday said BNP Paribas SA joined its GBP300 million financing syndicate with HSBC Holdings PLC and Barclays PLC to support growth of its short-term mortgages. Read More
(Alliance News) - LendInvest PLC on Friday said its chief financial officer has resigned and will leave the business in late July, while it has appointed a successor. Read More