Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFunding Circle Share News (FCH)

Share Price Information for Funding Circle (FCH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 82.40
Bid: 82.40
Ask: 82.80
Change: 0.00 (0.00%)
Spread: 0.40 (0.485%)
Open: 83.40
High: 84.20
Low: 81.20
Prev. Close: 82.40
FCH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sunday share tips: Funding Circle, SSP, Ceres Power

Sun, 21st Apr 2019 19:27

(Sharecast News) - This Sunday's share tips were Funding Circle in the Sunday Times, SSP in the Sunday Telegraph and Ceres Power in the Mail on Sunday.Funding Circle was a 'sell' in the Sunday Times' Inside the City column as the peer-to-peer lending platform faces a "raft of challenges". The company floated at a price of 440p in September last year and has seen its share price bump down to 326p since. P2P platforms, which allow people or institutions to lend money to businesses in exchange for interest payments, were first launched in the UK in 2005, with Funding Circle joining the fray five years later, with the aim of filling the lending void left by the big banks, attracting investors with higher interest rates than elsewhere.The P2P sector has come under pressure amid a rising numbers of defaults and insolvencies, with Funding Circle late last year saying the credit situation had "impacted a small population of loans" on its platform, though has a lower exposure to consumer lending. The Financial Conduct Authority recently warned that some Isas, used to shelter peer-to-peer investments from tax, were not disclosing the risks.SSP is one to keep hold of, said Questor in the Sunday Telegraph, even though star boss Kate Swann is on the way out. With the shares trading on 25 times forecast earnings for the current financial year, Questor recommended that investors who bought on its 2017 tip "should take some profits now as the business prepares for new leadership".The FTSE 250 company operates more than 2,600 food units for brands such as Upper Crust, Starbucks and Burger King at 140 airports and 280 rail stations around the world. Swann's fans are reassured by a glance at WH Smith for evidence SSP should continue to perform after her departure, with the stationery chain having improved its operating margins from 9.2% when Swann left in 2013 to 11.8%. New SSP chief executive Simon Smith, also ex-WH Smith, has been running its UK business and also has responsibility for the group's Indian joint venture, TFS. The trend for growth in air travel remains upward.In the first quarter of 2019, net contract gains of 3.8% were boosted by the performance of North America, with some analysts upping their full year forecasts. New contracts for San Francisco and Seattle airports has suggested to some observers that SSP can grab more business in North America, which still delivers only half group revenues compared to continental Europe. Before interim figures are due, on 15 May, investors will enjoy a £150m special dividend this coming week. Based on a medium-term target of keeping ratio of net debt to earnings at 1.5-2x, directors calculate that the company could return more than a quarter of its market value to shareholders in the next five years - and its entire market value in little more than a decade.Midas in the Mail on Sunday said Ceres Power was a buy at 175p. The fuel cell company is working with some of the biggest companies in China, Japan and the US, as well as Bosch in Germany. While fuel cells have struggled to for acceptance because many use expensive materials, such as platinum, and they need hydrogen to function, Ceres cells are made from ordinary steel and can use hydrogen or natural gas to generate electricity and heat, making them more cost-effective and practical than conventional fuel cells but equally good at doing the job. Fuel cells do not involve combustion, so do not produce greenhouse gas emissions, and as they generate power on site, they can be up to twice as efficient as the grid.Under current management, the focus has been on the commercial market, looking to develop partnerships with other businesses or license the Ceres technology to them. Bosch, for example, is working with the technology to develop fuel cells that can be used in local power stations, factories, data centres and charge points for electric vehicles. China's Weichai Power, one of the largest bus and truck companies in China, intends to put Ceres SteelCells into hybrid electric buses so they can travel up to 375 miles without needing to recharge, compared to around 120 miles on batteries alone, with a prototype being launched later this year. Both partners have provided tens of millions of pounds to Ceres through a combination of share purchases, licensing deals and joint ventures. Carmakers Nissan and Honda and engine manufacturer Cummins have also signed deals.Revenues have risen from £1.7m in 2016 to £6.3m last year, with at least £14m expected for the 12 months to June 2019, rising to £23m by 2021. Ceres is still loss-making at present, as it invests in research, development, people and a demonstration factory in Surrey.Please note: Sharecast provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look/Sharecast/WebFG cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
More News
30 Jun 2022 10:48

IN BRIEF: Funding Circle and Varadero to fund small businesses in UK

Funding Circle Holdings PLC - London-based commercial lender - Announces a new lending partnership with New York-based alternative investment manager Varadero Capital LP. The partnership will provide funding of up to GBP400 million to small businesses across the UK. Under the 18-month partnership, Varadero will "support thousands of small and medium enterprises" as Funding Circle provides its machine learning models. The funding is built on a previous partnership between the two companies, Funding Circle explains.

Read more
6 Jun 2022 15:58

UK shareholder meetings calendar - next 7 days

Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
Thursday 9 June 
4basebio PLCAGM
Northbridge Industrial Services PLCGM re name change to Crestchic
Funding Circle Holdings PLCAGM
Northbridge Industrial Services PLCAGM
Dignity PLCAGM
Corero Network Security PLCAGM
Kosmos Energy PLCAGM
Kistos PLCAGM
Tungsten Corp PLCGM re Kofax Offer
BioPharma Credit PLCAGM
Checkit PLCAGM
Panther Metals PLCAGM
Instem PLCAGM
Kore Potash PLCAGM
Rambler Metals & Mining PLCAGM
Xpediator PLCAGM
Round Hill Music Royalty Fund LtdAGM
REA Holdings PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
BlackRock Smaller Companies Trust PLCAGM
Friday 10 June 
Chariot LtdAGM
MP Evans Group PLCAGM
THG PLCAGM
Ergomed PLCAGM
Ultra Electronics Holdings PLCAGM
XLMedia PLCAGM
Monday 13 June 
Angus Energy PLCGM re second tranche of subscription shares and warrants
Elixirr International PLCAGM
Ocean Outdoor LtdGM re takeover by Atairos Group Inc
Jupiter Emerging & Frontier Income Trust PLCGM re voluntary liquidation
Mirriad Advertising PLCAGM
Saga PLCAGM
Spectra Systems CorpAGM
VPC Speciality Lending Investments PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
19 May 2022 12:30

Funding Circle enters GBP1 billion lending partnership with Waterfall

(Alliance News) - Funding Circle Holdings PLC on Thursday announced a lending partnership with New York-based Waterfall Asset Management LLC.

Read more
22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
21 Mar 2022 11:34

Berenberg starts Funding Circle at 'buy', shares surge

(Sharecast News) - Funding Circle surged on Monday after Berenberg initiated coverage of the stock at 'buy' as it took a look at specialist lenders.

Read more
21 Mar 2022 10:40

SMALL-CAP WINNERS & LOSERS: Photo-Me rises on return to profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

Read more
21 Mar 2022 09:46

LONDON BROKER RATINGS: Exane BNP downgrades Segro and Derwent London

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
10 Mar 2022 11:17

Funding Circle swings to pretax profit in 2021 while income drops

(Alliance News) - Funding Circle Holdings PLC said on Thursday it delivered "excellent progress" in 2021, swinging to a pretax profit and increasing its loans under management.

Read more
10 Mar 2022 08:30

Funding Circle swings to annual profit

(Sharecast News) - Funding Circle swung to an annual profit as costs fell and the company posted fair value gains instead of losses.

Read more
3 Mar 2022 16:01

UK earnings, trading statements calendar - next 7 days

Friday 4 March 
FBD Holdings PLCFull Year Results
Hammerson PLCFull Year Results
Morgan Advanced Materials PLCFull Year Results
Monday 7 March 
Blackbird PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCFull Year Results
HgCapital Trust PLCFull Year Results
MTI Wireless Edge LtdFull Year Results
Tuesday 8 March 
Ashtead Group PLCQ3 Results
Bakkavor Group PLCFull Year Results
Capital & Regional PLCFull Year Results
Capricorn Energy PLCFull Year Results
Clarkson PLCFull Year Results
ConvaTec Group PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Engage XR Holdings PLCFull Year Results
Fresnillo PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Greggs PLCFull Year Results
Gresham Technologies PLCFull Year Results
H&T Group PLCFull Year Results
IWG PLCFull Year Results
John Menzies PLCFull Year Results
John Wood Group PLCFull Year Results
Johnson Service Group PLCFull Year Results
Keller Group PLCFull Year Results
M&G PLCFull Year Results
Made.com Group PLCFull Year Results
Midwich Group PLCFull Year Results
Robert Walters PLCFull Year Results
Wednesday 9 March 
888 Holdings PLCFull Year Results
Alfa Financial Software Holdings PLCFull Year Results
Biffa PLCFull Year Results
Breedon Group PLCFull Year Results
Costain PLCFull Year Results
Foresight Solar Fund LtdFull Year Results
Headlam Group PLCFull Year Results
Ibstock PLCFull Year Results
Kier Group PLCFull Year Results
Legal & General PLCFull Year Results
Network International Holdings PLCFull Year Results
Prudential PLCFull Year Results (at 0400 GMT)
Quilter PLCFull Year Results
Somero Enterprises IncFull Year Results
STV Group PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
Thursday 10 March 
AMTE Power PLCHalf Year Results
Balfour Beatty PLCFull Year Results
Boohoo Group PLCTrading Statement
Brooks Macdonald Group PLCHalf Year Results
Capital LtdFull Year Results
DS Smith PLCQ3 Results
Forterra PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Hill & Smith Holdings PLCFull Year Results
IG Group Holdings PLCFull Year Results
James Fisher & Sons PLCFull Year Results
Just Group PLCFull Year Results
National Express Group PLCFull Year Results
Oakley Capital Investments LtdFull Year Results
Savills PLCFull Year Results
Secure Income REIT PLCFull Year Results
Spirax-Sarco Engineering PLCFull Year Results
Spirent Communications PLCFull Year Results
Volution Group PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
30 Nov 2021 09:43

LONDON BROKER RATINGS: JPMorgan upgrades Coca-Cola HBC to Overweight

LONDON BROKER RATINGS: JPMorgan upgrades Coca-Cola HBC to Overweight

Read more
14 Sep 2021 15:29

DIRECTOR DEALINGS: Audioboom chair buys after takeover offer pulled

DIRECTOR DEALINGS: Audioboom chair buys after takeover offer pulled

Read more
9 Sep 2021 11:22

Funding Circle reports record first half; to welcome new CEO in 2022

Funding Circle reports record first half; to welcome new CEO in 2022

Read more
9 Sep 2021 09:00

Funding Circle names Lisa Jacobs as CEO designate

(Sharecast News) - Loans provider Funding Circle revealed on Thursday that Lisa Jacobs will succeed Samir Desai as chief executive officer on 1 January 2022.

Read more
9 Sep 2021 08:42

LONDON MARKET OPEN: FTSE falls as ECB tapering feared; easyJet tumbles

LONDON MARKET OPEN: FTSE falls as ECB tapering feared; easyJet tumbles

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.