Stock Market News
Increase in lending boosts Orchard Funding Group
Specialist insurance premium finance and the professions funding company Orchard Funding Group updated the market on its trading for the six months ended 31 January on Monday, with the board reporting that performance was in line with its expectations.
The AIM-traded firm said demand for funding had led to an increase in its lending over the equivalent half year in the 2017 financial year.
Its lending was ahead 10.41% year-on-year at £34.35m, while its loan book grew 11.31% to £28.93m.
"As a result of this increase in lending, interest income is expected to be higher than in the six months to 31 January 2017," Orchard's board said in its statement.
Orchard Funding Group was due to announce its interim results for the six-month period ended 31 January on 27 March.
The AIM-traded firm said demand for funding had led to an increase in its lending over the equivalent half year in the 2017 financial year.
Its lending was ahead 10.41% year-on-year at £34.35m, while its loan book grew 11.31% to £28.93m.
"As a result of this increase in lending, interest income is expected to be higher than in the six months to 31 January 2017," Orchard's board said in its statement.
Orchard Funding Group was due to announce its interim results for the six-month period ended 31 January on 27 March.
Related share prices |
---|
Orchard Funding Group (ORCH) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price