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UK lender’s first-half profits beat expectations but tougher economic outlook weighs on income forecast
Group follows former rivals in leaving troubled sector as it unveils first annual profit
Co-founder to be replaced by longstanding executive Lisa Jacobs
Government-backed loan schemes boost UK peer-to-peer lender looking to stage a ‘big comeback’
Business lending platform receives boost from government loan schemes
Sudden onset of pandemic forced company to write down value of loans it had hoped to sell on
Online platforms win approval to join government rescue schemes, but doubts remain
Funding Circle’s dire debut has left hopes of a 2019 listings rush unfulfilled
Shareholders have demanded restraint at Smith & Nephew and Standard Chartered
P2P lender sends letter to investors in effort to allay capitalisation concerns
UK group to rely on funding by individuals and predicts profit for next financial year
Industry faces threat of economic slowdown just as underwriting skills show improvement
Increase in net inflows comes amid concerns about controversial ‘best buy’ fund lists
Higher costs offset rise in first-half revenue, UK-based lender says
Taking on the big lenders is proving much more difficult than investors assumed
Warning exposes the persistent bugs in the peer-to-peer lending program
Your morning City briefing on companies in the news, job moves and what’s happening in the markets
Lender says businesses are postponing investment plans because of Brexit worries
Higher risk of default on loans made in 2017 and 2018 also prompts group to tighten lending criteria
Decision to close Funding Circle SME Income comes after returns had stalled
Loans platform embodies a great idea struggling to prove its worth
Small business lender says predicted defaults in UK rise for loans issued since 2015
Brexit fears and market volatility fuel rise in deals being pulled
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