Brighthouse, Zopa, Morses Club, KPMG on Lending this week
- Morses Club has reported a strong H1 with revenue increasing 15% year-on-year from £47.2m to £54.2m and adjusted profit before tax increasing from £8.6m to £8.7m over the same period. Customer numbers increased from 207,000 to 233,000
- SKY News research has found that an increasing number of young people are worrying about the state of their finances and want to see the Government take action to curb credit card lending. The research found that 65% of people aged between 18 and 34 are worried about how they will cope if and when interest rates increase
- KPMG has forecast that house prices will recover by 2019, and London will drive prices higher by 2021
- Brighthouse, the rent-to-own retailer, has been put up for sale by Vision Capital. The move follows changes in its sign-up procedures for customers, which resulted in a steep fall in the number of new customers and earnings decreasing by 79% to £11.7m
- Zopa has partnered with Saffron Building Society to offer loans via the mutual’s 11 branches and website
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