Amigo Holdings hoping for reverse takeover as wind down continues
18th Dec 2023 07:56
(Sharecast News) - Shares in struggling finance company Amigo Holdings surged on Monday - albeit from a low base - after the company said it had received some interest for the business.
Read moreReverse takeover talks at Amigo called off
16th Nov 2023 10:44
(Sharecast News) - Talks about a potential reverse takeover of Amigo Holdings have failed, the ailing mid-cost lender confirmed on Thursday.
Read moreAmigo Holdings judges chances of raising necessary capital to be 'low'
27th Jul 2023 14:33
(Sharecast News) - Amigo Holdings informed shareholders that the subprime lender was continuing its orderly wind down of the business due to its inability to raise the capital needed to continue lending.
Read moreAmigo grants exclusivity agreement to shareholder
9th Jun 2023 09:46
(Sharecast News) - Amigo Holdings has granted a shareholder an exclusivity agreement to pursue financing options for the troubled business, the mid-cost lender confirmed on Friday.
Read moreAmigo chief executive resigns
16th May 2023 10:32
(Sharecast News) - The chief executive of Amigo Holdings has resigned, it was announced on Tuesday, as the mid-cost lender continued to be wound down.
Read moreAmigo to be wound down
23rd Mar 2023 09:36
(Sharecast News) - Amigo Holdings is to be wound down, the embattled mid-cost lender confirmed on Thursday, after it failed to secure backing for a crucial capital raising.
Read moreAmigo warns of challenges as capital raise talks continue
8th Mar 2023 08:40
(Sharecast News) - Subprime lender Amigo Holdings warned on Wednesday that while conversion rates were improving, challenges remain and its current run rate for monthly originations remained in excess of £1.0m.
Read moreAmigo makes progress under court-sanctioned scheme
23rd Feb 2023 07:09
(Sharecast News) - Embattled cash lender Amigo Holdings reported a 66.1% reduction in its net loan book by the end of its third quarter on Thursday, to £61.2m, and a revenue reduction of 76.5% to £17.8m.
Read moreAmigo Loans 'publicly censured' for affordability check failings
14th Feb 2023 07:05
(Sharecast News) - The Financial Conduct Authority (FCA) "publicly censured" Amigo Loans on Tuesday, in lieu of a fine, for failing to conduct adequate affordability checks on borrowers and guarantors.
Read moreAmigo fails to get enough interest in capital raise
27th Jan 2023 07:51
(Sharecast News) - Amigo Holdings said on Friday that it has received a number of expressions of interest in its capital raise, but this remains below the guarantor lender's £45m target.
Read moreAmigo unable to find cornerstone investor for capital raise
16th Jan 2023 08:30
(Sharecast News) - Amigo shares tanked on Monday after the guarantor lender said it had failed to secure a commitment from a cornerstone investor to underwrite the whole of its £45m capital raise and that it is now looking for a syndicate of investors.
Read moreAmigo Holdings swings to interim loss as revenues tumble
29th Nov 2022 09:20
(Sharecast News) - Lender Amigo Holdings said on Tuesday that it had swung to an interim loss amid falling revenues and a halt to new lending.
Read moreAmigo to resume lending, shares soar
14th Oct 2022 08:39
(Sharecast News) - Shares in Amigo Holdings soared early on Friday after the regulator gave the embattled firm the green light to resume lending.
Read moreAmigo unveils £40m capital raise
28th Sep 2022 07:31
(Sharecast News) - Amigo Holdings outlined plans to raise £40m on Wednesday, as the embattled firm looked to resume lending.
Read moreAmigo Holdings CEO stands down
23rd Sep 2022 08:28
(Sharecast News) - Credit provider Amigo Holdings revealed on Friday that chief executive Gary Jennison will stand down from the role and be released by chief financial officer Danny Malone.
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