Manx Financial Share News (MFX)

UK shareholder meetings calendar - next 7 days

Manx annual profit grows as revenue surges; cautiously optimistic

(Alliance News) - Manx Financial Group PLC on Tuesday said it remained cautious amid continued high interest rates, while posting a profit and revenue jump for last year.

IN BRIEF: Manx says Conister Bank has earned UK banking licence

Manx Financial Group PLC - Isle of Man-based financial services company - Subsidiary Conister Bank Ltd on Friday obtained authorisation to accept deposits in the UK. The new licence approval was based on authorisation by the Prudential Regulation Authority, alongside consent from the UK Financial Conduct Authority and the Isle of Man's Financial Services Authority. Manx says PRA authorisation will allow increased lending to small and medium enterprises by enabling Conister to grow its balance sheet.

EARNINGS: Aurora Investment recovers; Chesnara swings to profit

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

UK shareholder meetings calendar - next 7 days

LONDON MARKET CLOSE: Banks lead London higher as confidence returns

(Alliance News) - Stock prices in London closed sharply higher on increased confidence that a full-blown banking crisis has been avoided, following concerted action across the globe.

LONDON MARKET MIDDAY: Banking crisis fears calm; Fed decision looms

(Alliance News) - Stock prices in London were higher at midday on Tuesday, with banking stocks continuing to lead the rise in the FTSE 100 as market fears of a banking crisis subsided.

IN BRIEF: Manx Financial shares jump on "record" yearly results

Manx Financial Group PLC - Isle of Man-based financial services firm - Posts net interest income of GBP24.3 million for 2022, up 35% from GBP18.0 million in 2021. Pretax profit jumps by 71% to GBP5.2 million from GBP3.0 million, as operating income rises to GBP26.1 million from GBP20.0 million a year earlier. Interest revenue, calculated using the effective interest method, rises to GBP29.0 million from GBP21.0 million. Looking ahead, says its various business streams are well-positioned to support the growth in profitability for this year.

AIM WINNERS & LOSERS: Manx Financial reports record 2022 results

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

As recession looms, British business sends out lending SOS

Credit more costly, on tighter terms as banks weigh risks

*

TRADING UPDATES: Gusbourne toasts vintage; Hardide supplies Leonardo

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

IN BRIEF: Manx Financial shares rise as interim profit doubles

Manx Financial Group PLC - Isle of Man-based financial services firm - Posts doubled profit as net interest income and net trading income grow faster than interest expenses.

AIM WINNERS & LOSERS: Manx profit soars; Pressure Tech under pressure

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

IN BRIEF: Manx Financial Group acquires 50% of Payment Assist

Manx Financial Group PLC - Isle of Man-based financial services firm - Completes acquisition of initial 50.1% interest of short-term lender Payment Assist Ltd by Manx Ventures Ltd. The consideration rises to GBP4.2 million from GBP4 million previously. Will consolidate 50.1% of Payment Assist's trading results and payable dividend for the final quarter of this year. Once the remaining 49.9% is required, Payment Assist will become fully integrated into the group, it says.

Manx Financial agrees higher price for majority share in Payment Assist

(Sharecast News) - Manx Financial Group announced the completion of a majority interest in Payment Assist on Wednesday, for an increased consideration of £4.24m.