19 May 2021 - trading update
The company has released an upbeat trading update. Trading has been stronger than expected due to higher origination volumes in the UK and the extension of the PPP scheme in the US. The loanbook is stable and performing better than expected so far in 2021. However, Funding Circle continues to expect some credit stress as the UK and US economies reopen. Total income and AEBITDA are anticipated to be well ahead of previous expectations. Total income in the first half is set to be no lower than £120m and AEBITDA no lower . . .
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