17th Dec 2021 17:47
Morses Club PLC - Nottingham, England-based home collected credit provider and online lender - Says it has to not proceed with plan to create new U Money PLC holding structure following an ongoing review. Morses Club and Shelby Finance Ltd will continue to operate as separate divisions and the decision will have no direct impact on customers or the operating structure of the group.
"Further funding arrangements for the group have now been confirmed until March 31, 2023, and the business is trading in line with expectations, with continued strong customer demand for credit products in both trading divisions," it adds.
Current stock price: 57.00 pence
Year-to-change: down 10%
By Arvind Bhunjun; [email protected]
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