(ShareCast News) - Bumper lending conditions and a refreshed product offering have seen net lending re-accelerate at Aldermore Group in Q3 2015. The challenger bank announced Thursday morning that its loan book grew by £0.4bn to £5.8bn - up by 20% or £1bn for the first nine months of the year. "Gro
Read more(ShareCast News) - Consumers and small businesses are still suffering from a lack of competition in the UK banking sector, competition authorities said in a report on Thursday that called for banks to retain free bank accounts and making proposals to force banks to help customers to shop around for
Read more(ShareCast News) - Commodity trader Glencore took a beating on Monday, falling to its lowest level since its IPO in 2011, after Investec said the company's equity value is zero at current spot prices, but two analysts came out in its defence on Tuesday. Citi, which rates the stock at 'buy', said the
Read more(ShareCast News) - Aldermore is often described as a "challenger" to the larger UK banking groups but in reality it is largely unaffected by them, Investec said. At least in the short-to-medium term, that should continue to be the case, meaning the shares are trading at an excessive discount versus
Read more(ShareCast News) - Challenger banks have reportedly requested an extension to the government's flagship industry funding scheme during a meeting at which they expressed their anger over Chancellor George Osborne's plans for an 8% Corporate Tax surcharge on profits of more than £25m. According to Sky
Read more(ShareCast News) - Two sellers, including AnaCap funds are said to have sold 50.9m shares in Aldermore via Deutsche Bank and RBC at 286p, according to traders. AnaCap is said to have placed a 15% stake (40.9m shares) in the lender, holding on to its remaining 37.85%. -- More to follow --
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