Edition:
United Kingdom

OneSavings Bank PLC (OSBO.L)

OSBO.L on London Stock Exchange

366.80GBp
19 Jul 2019
Change (% chg)

3.20 (+0.88%)
Prev Close
363.60
Open
363.80
Day's High
368.20
Day's Low
363.00
Volume
311,478
Avg. Vol
529,802
52-wk High
458.80
52-wk Low
327.40

Latest Key Developments (Source: Significant Developments)

UK Competition Watchdog Probes Charter Court, Onesavings Merger
Wednesday, 5 Jun 2019 

June 5 (Reuters) - UK'S CMA::MERGER NOTICE BY ONESAVINGS BANK IN RELATION TO CHARTER COURT FINANCIAL SERVICES DEAL MEETS REQUIREMENTS OF SECTION 96(2) OF THE ACT.DEADLINE FOR CMA TO ANNOUNCE WHETHER TO REFER ONESAVINGS BANK/CHARTER COURT FINANCIAL MERGER FOR PHASE 2 INVESTIGATION IS 30 JULY 2019.  Full Article

Charter Court Says Qtrly Loan Book Up 17.9% To 6.5 Bln Stg
Wednesday, 15 May 2019 

May 15 (Reuters) - Charter Court Financial Services Group PLC ::1ST QUARTER RESULTS.LOAN BOOK UP 17.9% YEAR-ON-YEAR TO £6.5 BILLION AT 31 MARCH 2019 (31 MARCH 2018: £5.5 BILLION).FIRST-QUARTER NEW LOAN ORIGINATIONS OF £710 MILLION (Q1 2018: £668 MILLION).CUSTOMER DEPOSITS UP 29.7% YEAR-ON-YEAR TO £5.6 BILLION AT 31 MARCH 2019 (31 MARCH 2018: £4.3 BILLION).CHARTER COURT FINANCIAL SERVICES GROUP PLC QTRLY CET11 RATIO OF 16.3% (UNAUDITED).QTRLY EXPECTS TO PUBLISH ITS SCHEME DOCUMENT IN CONNECTION WITH ALL-SHARE COMBINATION WITH ONESAVINGS BANK PLC LATER TODAY.  Full Article

OneSavings Bank Sees FY Loan Book Growth Of 20 Pct
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - OneSavings Bank PLC ::LOAN BOOK GROWTH OF 16% FOR NINE MONTHS TO 30 SEPTEMBER 2018.NET LOANS AND ADVANCES GROWING BY £1,175M TO £8.5BN DURING NINE MONTHS TO 30 SEPTEMBER.ORGANIC ORIGINATIONS OF £730M IN THREE MONTHS TO 30 SEPTEMBER 2018 (Q3 2017: £677M).EXPECT NET LOAN BOOK GROWTH OF C.20% FOR FULL YEAR IN 2018.  Full Article

OneSavings CEO Says Economic Weakness From Brexit To Lead To Sector Consolidation
Wednesday, 7 Nov 2018 

Nov 8 (Reuters) - OneSavings Bank PLC ::ONESAVINGS CEO SAYS NOT SEEING MUCH DEMAND FOR MORTGAGES FROM CENTRAL LONDON.ONESAVINGS CEO SAYS MONITORING LONDON HOUSE PRICES AND WILL "CHANGE FOOT ON THE ACCELERATOR" IF CONCERNED.ONESAVINGS CEO SAYS UK MORTGAGE MARKETS MORE CHALLENGING THAN EARLIER, MORE PROVIDERS AND LESS VOLUMES.ONESAVINGS CEO SAYS CONSOLIDATION OPPORTUNITIES WILL START TO PRESENT BECAUSE OF MARKED SLOWDOWN IN ECONOMIC TERMS FROM BREXIT.  Full Article

Onesavings Bank Says FY ‍Underlying Pretax Profit rose 21 Pct
Thursday, 15 Mar 2018 

March 15 (Reuters) - Onesavings Bank Plc ::FY ‍UNDERLYING PROFIT BEFORE TAX(1 )INCREASED 21% TO £167.7M​.FY ‍LOAN BOOK GROWTH OF 23% TO £7.3BN​.FY ‍EXPECT TO DELIVER NET LOAN BOOK GROWTH IN MID-TEENS IN 2018​.FY ‍EXPECT TO DELIVER NIM OF C. 3% IN 2018​.FY ‍ANTICIPATE A COST TO INCOME RATIO OF C. 30% FOR 2018​.FY NET INTEREST MARGIN AT 316BPS VERSUS 316BPS LAST YEAR.FY ‍COMMON EQUITY TIER 1 ('CET1') CAPITAL RATIO TO 13.7% (2016: 13.3%)​.FY RETURN ON EQUITY AT 28 PERCENT VERSUS 29 PERCENT IN 2016.‍START 2018 WITH A FULLY LOADED CET1 RATIO OF 13.7%​.RECOMMENDED FINAL DIVIDEND OF 9.3 PENCE PER SHARE GIVING A FULL YEAR DIVIDEND OF 12.8 PENCE PER SHARE.‍ANTICIPATE MAINTAINING A CET1 RATIO AT A MINIMUM 12% GOING FORWARD​.‍DIVIDEND POLICY FOR 2018 REMAINS PAYOUT RATIO OF AT LEAST 25% OF UNDERLYING PROFIT AFTER TAXATION ATTRIBUTABLE TO SHAREHOLDERS​.  Full Article

JC Flowers sells 10 percent of OneSavings Bank shares ​
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Onesavings Bank Plc ::‍ACCELERATED BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF APPROXIMATELY 24.3 MILLION EXISTING ORDINARY SHARES IN ONESAVINGS BANK PLC ON BEHALF OF FUNDS MANAGED AND ADVISED BY J.C. FLOWERS & CO. LLC ​.TRANSACTION REPRESENTS APPROXIMATELY 10 PERCENT OF BANK'S ISSUED SHARE CAPITAL‍​.‍IN PARALLEL WITH BOOKBUILD, A NUMBER OF EXISTING ORDINARY SHARES IN ONESAVINGS BANK HELD ON BEHALF OF JCF FUNDS EQUAL TO APPROX. 9% OF NUMBER TO BE SOLD UNDER BOOKBUILD PROCESS WILL BE DISTRIBUTED TO CERTAIN INVESTORS IN JCF FUNDS ​.  Full Article

OneSavings Bank sees full year net loan book growth of about 20 pct
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - ONESAVINGS BANK PLC ::LOAN BOOK GROWTH OF 17% FOR NINE MONTHS TO 30 SEPTEMBER 2017 WITH NET LOANS AND ADVANCES GROWING BY £997M TO £6.9BN DURING PERIOD​.‍A RECORD QUARTER FOR ORGANIC ORIGINATIONS OF £677M IN THREE MONTHS TO 30 SEPTEMBER 2017​.‍TO DATE GROUP HAS DRAWN A TOTAL OF £1BN UNDER TERM FUNDING SCHEME AND DRAWINGS UNDER FUNDING FOR LENDING SCHEME HAVE BEEN REDUCED TO £92M​.‍EXPECT NET LOAN BOOK GROWTH OF C. 20% FOR FULL YEAR IN 2017​.‍EXPECT KEEPING NIM FOR FULL YEAR BROADLY FLAT TO 2016 AND COST TO INCOME RATIO BROADLY FLAT TO FIRST HALF​.‍"AS WE CONTINUE TO FOCUS ON PROFESSIONAL LANDLORDS AND INCREASE OUR MARKET SHARE. WE EXPECT LOAN BOOK GROWTH OF C.20% FOR FULL YEAR"-CEO​.  Full Article

J.C. Flowers discloses 21.54 pct stake in OneSavings Bank- filing
Friday, 6 Oct 2017 

Oct 6 (Reuters) - Onesavings Bank Plc :J. CHRISTOPHER FLOWERS DISCLOSES 21.54 PERCENT STAKE IN CO- FILING.  Full Article

JC Flowers sells 8 pct stake in Onesavings Bank for 75 mln pounds
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Onesavings Bank Plc :Funds managed and advised by J.C. Flowers & Co have sold 20 million shares in Onesavings Bank, representing around 8 pct of the share capital.Shares were sold at 375 pence per share, equating to gross proceeds of 75 million pounds.  Full Article

Block trade-OneSavings Bank Plc-Bookrunner launches accelerated bookbuild offering of about 20 mln shares
Tuesday, 3 Oct 2017 

Oct 3 (Reuters) - Block Trade-OneSavings Bank Plc-:Block Trade-OneSavings Bank Plc- bookrunner launches accelerated bookbuild offering of about 20 million existing shares in OneSavings Bank Plc​.  Full Article

UPDATE 1-UK Stocks- Factors to watch on June 5

June 5 Britain's FTSE 100 index opened 3.08 points higher at 7,217 on Wednesday.