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Funding Circle Holdings PLC

FCH.L

Latest Trade

76.73GBp

Change

6.73(+9.62%)

Volume

409,229

Today's Range

66.50

 - 

78.00

52 Week Range

21.95

 - 

153.80

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Funding Circle Holdings to cut 85 jobs in U.S. business

July 8 (Reuters) - Funding Circle Holdings PLC <FCH.L>::FOLLOWING OUR ACCREDITATION TO CBILS, OUR UK BUSINESS HAS REACHED ITS HIGHEST EVER LEVELS OF ORIGINATION.OUR FOCUS AS A GROUP REMAINS ON DELIVERING OUR LONG-TERM PRIORITY OF PROFITABLE GROWTH.GIVEN IMPACT OF COVID, WE ARE INTRODUCING CHANGES IN US.SINCE LAUNCHING, WE HAVE APPROVED C.$800M AND ORIGINATED C.$300M OF PPP LOANS IN THE U.S..CENTRALISING OUR US TECHNOLOGY TEAM IN UK.MOVING OUR SALES AND MARKETING TEAMS TO OUR DENVER OFFICE AND WORKFORCE REDUCTIONS OF AROUND 85 ROLES..

Funding Circle Holdings Appoints Oliver White As CFO

June 12 (Reuters) - Funding Circle Holdings PLC <FCH.L>::FUNDING CIRCLE HOLDINGS PLC - ANNOUNCE APPOINTMENT OF OLIVER WHITE AS EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER WITH EFFECT FROM 15 JUNE 2020..

Funding Circle stops all UK lending not linked to coronavirus support scheme

April 17 (Reuters) - Funding Circle Holdings PLC <FCH.L>::FUNDING CIRCLE HAS BEEN ACCREDITED TO JOIN BRITISH BUSINESS BANK'S CORONAVIRUS BUSINESS INTERRUPTION LOANS SCHEME.CBILS LOANS WILL BE FUNDED BY FUNDING CIRCLE AND A COMBINATION OF NEW AND EXISTING INSTITUTIONAL INVESTORS.ANTICIPATE ALL LENDING WILL GO THROUGH CBILS WHEN WE LAUNCH UNTIL FURTHER NOTICE.WE WILL PAUSE ALL NON-CBILS LENDING FROM RETAIL AND INSTITUTIONAL INVESTORS TO CONCENTRATE ON SUPPORTING GOVERNMENT'S SME STIMULUS PROGRAMME.SECOND HALF OF MARCH AND APRIL TO-DATE HAVE BEEN IMPACTED BY COVID-19.GIVEN INCREASED UNCERTAINTY IN MARKET, BOARD BELIEVES IT IS PRUDENT TO WITHDRAW FINANCIAL GUIDANCE FOR 2020 UNTIL OUTLOOK BECOMES CLEARER.

Funding Circle FY pretax loss widens to 84.2 mln pounds

March 12 (Reuters) - Funding Circle Holdings PLC <FCH.L>::REVENUE OF £167.4 MILLION (2018: £141.9 MILLION) UP 18%.ADJUSTED EBITDA(1) OF NEGATIVE £27.5 MILLION (2018: NEGATIVE £23.4 MILLION).LOSS MARGIN OF 16%.LOSS BEFORE TAXATION AND EXCEPTIONAL COSTS OF £49.9 MILLION (2018: £45.0 MILLION).CONTINUE TO ASSESS POSSIBLE IMPACT OF COVID-19 ON BORROWERS AND INVESTORS.

Funding Circle FY Guidance Unchanged

Oct 21 (Reuters) - Funding Circle Holdings PLC <FCH.L>::FUNDING CIRCLE HLDGS - FUNDING CIRCLE Q3 2019 UPDATE.FUNDING CIRCLE HOLDINGS PLC - FULL-YEAR GUIDANCE UNCHANGED.FUNDING CIRCLE HOLDINGS PLC - QTRLY LOANS UNDER MANAGEMENT ABOUT £3.7 BILLION, UP 31% COMPARED TO Q3 2018..FUNDING CIRCLE HOLDINGS PLC - 2019 PERFORMANCE ON TRACK TO MEET MARKET EXPECTATIONS.FUNDING CIRCLE HOLDINGS PLC - YEAR TO DATE TOTAL ORIGINATIONS OF ABOUT £1.8 BILLION VERSUS ABOUT £1.6 BILLION COMPARED TO SAME PERIOD LAST YEAR, UP 9%..FUNDING CIRCLE HOLDINGS PLC - PROJECTED ANNUALISED RETURNS FOR 2019 CONTINUE TO SHOW AN IMPROVEMENT OVER RECENT YEARS.

Funding Circle H1 revenues, losses rise

Aug 8 (Reuters) - Funding Circle Holdings PLC <FCH.L>::GROUP REVENUE OF £81.4 MILLION (H1 2018: £63.0 MILLION) UP 29%..LOSS BEFORE TAX OF £30.8 MILLION (H1 2018 LOSS: £27.1 MILLION)..Group segment adjusted EBITDA(3) of £1.2 million (H1 2018: £3.3 million) with margin of 1% (H1 2018: 5%)..Basic loss per share of 8.9 pence (H1 2018 loss: 10.6 pence).Loans under management up 37% to £3.54 billion (H1 2018: £2.58 billion).Originations up 14% to £1.19 billion (H1 2018: £1.04 billion).In the US, Funding Circle passed $2.0 billion of cumulative loan originations and $1.0 billion of loans under management in H1 2019.

Funding Circle Q1 originations 644 mln stg; trading in-line

April 18 (Reuters) - Funding Circle Holdings PLC <FCH.L>::SAYS LOANS UNDER MANAGEMENT OF £3.4 BILLION, UP 44% COMPARED TO SAME PERIOD LAST YEAR.SAYS TOTAL ORIGINATIONS OF £644 MILLION VERSUS £525 MILLION IN Q1 2018, UP 23%.SAYS REVENUE GROWTH OF APPROXIMATELY 40% YEAR-ON-YEAR.SAYS FUNDING CIRCLE CONFIRMS THAT GROUP IS TRADING IN LINE WITH BOARD'S EXPECTATIONS FOR FULL YEAR..SAYS ACROSS ALL GEOGRAPHIES, INVESTOR RETURNS ON A NET BASIS ARE EXPECTED TO DELIVER 4.5-8.4% FOR 2018 AND 5.0-8.5% IN 2019.SAYS UK: 2012-2016 PERFORMANCE REMAINS IN LINE WITH PREVIOUS PROJECTIONS..

Funding Circle Maintains Financial Guidance For 2019

April 5 (Reuters) - Funding Circle Holdings Plc <FCH.L>::RESPONSE TO FCIF BOARD ANNOUNCEMENT.SUPPORTS ANNOUNCEMENT MADE BY FUNDING CIRCLE SME INCOME FUND LIMITED.FUNDING CIRCLE CONFIRMS THAT FINANCIAL GUIDANCE FOR 2019 PROVIDED AT FULL YEAR RESULTS REMAINS UNCHANGED.

Funding Circle FY Pretax Loss 50.7 Mln STG Vs Loss Of 36.3 Mln STG

March 7 (Reuters) - Funding Circle Holdings PLC <FCH.L>::FUNDING CIRCLE HOLDINGS PLC -FY REVENUE OF £141.9 MILLION VERSUS £94.5 MILLION.FUNDING CIRCLE HOLDINGS PLC FY LOSS BEFORE TAX £50.7 MILLION (2017 LOSS: £36.3 MILLION).FUNDING CIRCLE HOLDINGS PLC - FY ADJUSTED EBITDA LOSS OF £28.5 MILLION (2017 LOSS: £25.1 MILLION) WITH MARGIN IMPROVING TO NEGATIVE 20%.FUNDING CIRCLE - IN 2019, EXPECT TO REPORT REVENUES ABOVE £200 MILLION WITH TRANSACTION YIELDS REMAINING AT 2018 EXIT LEVELS.FUNDING CIRCLE HOLDINGS PLC - EXPECT ADDITIONAL INCREMENTAL IMPACT FROM NEW INVESTOR PRODUCTS AND IFRS16 IN 2019.FUNDING CIRCLE HOLDINGS PLC SEES 2019 ADJUSTED EBITDA LOSSES WILL REDUCE FROM 2018.FUNDING CIRCLE HOLDINGS PLC - EXPECT ADDITIONAL INCREMENTAL IMPACT FROM NEW INVESTOR PRODUCTS AND IFRS16 IN 2019.FUNDING CIRCLE HOLDINGS PLC - NEW INVESTOR PRODUCTS ARE EXPECTED TO ADD C.£2-3M TO BOTH REVENUE AND ADJUSTED EBITDA IN 2019.

Funding Circle 2018 revenue growth beats IPO expectations

Jan 17 (Reuters) - Funding Circle Holdings PLC <FCH.L>::FULL YEAR REVENUE GROWTH OF APPROX 55% (EXCLUDING PROPERTY) EXCEEDING 50% APPROX GUIDANCE STATED AT IPO.LOANS UNDER MANAGEMENT (EXCLUDING PROPERTY) OF £3.1 BILLION AS AT 31 DECEMBER 2018, UP 55% COMPARED TO SAME PERIOD LAST YEAR AND ALSO EXCEEDING IPO GUIDANCE.TOTAL ORIGINATIONS OF £2.3 BILLION IN YEAR TO 31 DECEMBER 2018, UP 40%; RECORD ORIGINATIONS (EXCLUDING PROPERTY) OF £683 MILLION FOR Q4 2018 VERSUS £522 MILLION IN Q4 2017, UP 31%.ON 7 DECEMBER 2018, WATERFALL ASSET MANAGEMENT AGREED TO INVEST IN £1 BILLION OF LOANS ORIGINATED THROUGH FUNDING CIRCLE'S UK PLATFORM OVER A TWO-YEAR PERIOD.ACROSS ALL GEOGRAPHIES, INVESTOR RETURNS ON A NET BASIS ARE EXPECTED TO DELIVER 5-8% IN 2018 AND 4-7% IN 2016 AND 2017.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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