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LendInvest grows AuM and returns to profit in H1


By Michael Griffiths

LendInvest has announced a 17% year-on-year jump in platform assets under management (AuM) to £3.45bn.

The property finance platform also reported a 23% jump in new lending for the opening half of its financial year, totalling £663.6m


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Six policy changes could create £220bn boost in UK investment

The UK could unlock up to £220bn in additional investment over the next decade if a package of reforms, including continued refinement to Solvency UK is fully implemented, according to modelling by Oxford Economics

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Frasers Group reports retail sales slowdown

Frasers Group has reported falling sales across its retail business in its latest first half results, as it acknowledged “tough” market conditions

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Halma acquires E2S for £230m

Halma has acquired hazard detection firm, E2S Group, for a cash consideration of £230m

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Unilever completes ice cream demerger

Unilever has stated that the demerger from its ice cream business, now known as The Magnum Ice Cream Company (TMICC), will complete on 6 December

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Future profits drop in ‘resilient’ full-year performance

Future has described its full-year results as "resilient", despite its profit before tax falling by 11% to £91.1m in the year to 30 September

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AJ Bell reports record financial year

AJ Bell has reported a record financial performance in its latest annual results as it recorded an 18% year-on-year jump in revenue to £317.8m

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Smiths sells detection arm for £2bn

Smiths Group has agreed to sell Smiths Detection to private equity firm, CVC Capital Partners, for an enterprise value of £2bn

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Zigup accelerates profit expectations

Zigup has posted a 15.8% jump in pre-tax profit to £65m in its H1 results covering the six months to 31 October

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Smith+Nephew announces new RISE strategy

Smith+Nephew has launched a new strategy, RISE, which aims to deliver new levels of financial and operational performance to drive shareholder value

Rio Tinto launches ‘simpler’ strategy changes

Rio Tinto has outlined its strategy to deliver returns by being a "stronger, sharper and simpler" company, including streamlining the firm into three business
Sainsbury’s longstanding shareholder cuts stake

Sainsbury's longstanding shareholder, Qatar Investment Authority (QIA), has announced it is cutting its stake in the supermarket from 10% to around 6.8%
Stagecoach pension scheme agrees £1.2bn ‘run-on’ deal with Aberdeen

The Stagecoach Group Pension Scheme (SGPS) has agreed a first-of-its-kind deal that will see Aberdeen replace Stagecoach as its sponsoring employer, enhancing benefits and long-term security for more than 22,000 members.


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