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Funding Circle Holdings Limited ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings plc has announced a positive trading update for the full year ending 31 December 2024, aligning with the Board’s expectations and the upgraded guidance from September 2024. The company successfully completed the sale of its US business, streamlined its UK operations, and initiated a £25m share buyback program, with £10m already repurchased and cancelled. These strategic moves aim to simplify and enhance profitability while continuing to support the growth of SME financing.
More about Funding Circle Holdings Limited
Funding Circle Holdings plc is the UK’s leading SME lending platform. It aims to provide small businesses with the funding they need, leveraging data and technology to offer an exceptional customer experience. The platform also offers institutional investors an opportunity to access an alternative asset class with strong returns in an underserved market.
YTD Price Performance: -12.31%
Average Trading Volume: 812,659
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £357.6M
Learn more about FCH stock on TipRanks’ Stock Analysis page.
