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LendInvest completes £310.6m securitisation


By Michael Griffiths

LendInvest has announced the completion of its latest securitisation which includes a £310.6m pool of UK prime mortgages.

The transaction is the lender’s seventh residential mortgage-backed securitisation (RMBS) under its Mortimer programme, having now issued every year since 2019


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evoke revenue jumps 5% in Q3

evoke has recorded a 5% increase in group revenue, totalling £435m in the three months to 30 September

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Crypto company KR1 seeks main market London listing

UK cryptocurrency company KR1 has confirmed it is planning to list on the main market of the London Stock Exchange

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HSBC UK profits fall 6% in Q3

HSBC UK has seen its profit before tax fall by 6% to $4.92bn in the nine months to 30 September

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Goodwin forecasts doubling profits

Engineering group Goodwin has revealed it is expecting a 100% increase in pre-tax profit in its ongoing full financial year

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CMA outlines competition lessening in Greencore/Bakkavor merger

The Competition and Markets Authority (CMA) has ruled that Greencore’s £1.2bn acquisition of Bakkavor could lead to "substantial lessening of competition" in the supply of own-label chilled sauces in the UK

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NatWest Q3 profits increase 35%

NatWest has recorded a year-on-year profit increase of 35%, totalling £1.68bn in the third quarter.

In the three months to 30 September, the bank’s operating profit jumped by 30.4% to £2.18bn, beating expectations previously set at £1.83bn

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Lloyds profits drop by 42% in Q3

Lloyds Banking Group has seen its profit after tax fall by 42% year-on-year in the third quarter to £778m, following an £800m charge for motor finance compensation arrangements

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Unilever beats Q3 growth expectations

Unilever has recorded an underlying sales growth of 3.9% to €14.7bn in the third quarter of its financial year, beating expectations

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Barclays sets aside extra £235m for potential motor finance redress

Barclays has announced it will set aside an additional £235m for potential compensation claims from historic motor finance commissions.

The move takes the bank’s total provisions from an initial £90m announced previously to a new total of £325m

CVS announces intention to trade on LSE

CVS Group has announced that it is intending to seek admission to trade on the Main Market of the London Stock Exchange (LSE)
The Revel Collective launches formal sale process

The Revel Collective has announced that it has launched a formal sales process as part of a strategic review
ORIT completes sale of HYRO Energy stake for £4.6m

Octopus Renewables Infrastructure Trust (ORIT) has completed the sale of its entire interest in green hydrogen and e-fuels development platform, HYRO Energy Limited, for £4.6m


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