S&U beating expectations

Used car finance and property bridging loans provider S&U (LON: SUS) says group receivables increased from £340m to £370m and first half profit is greater than last year. The share price jumped 11.5% to 2320p, which is still 14% lower than at the start of 2022.

Motor finance provider Advantage Finance receivables are £280m and Aspen property bridging loans have reached £90m with an average size of around £875,000 for loans this year. The greater proportion of Aspen loans will lead to low...

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