Morses Club announces new scheme of arrangement, equity issue
13th Dec 2022 10:58
(Sharecast News) - Morses Club was under the cosh as the subprime lender said it had created a new subsidiary to allow it to enter a scheme of arrangement to deal with customer redress claims for unaffordable lending, but that insolvency was likely if the scheme fails to go ahead.
Read moreMorses Club says funders won't provide peak advance
15th Nov 2022 13:44
(Sharecast News) - Morses Club updated the market on its funding provision on Tuesday, as its funders chose not to provide a peak advance.
Read moreMorses Club 'materially loss-making' in H1
30th Sep 2022 08:01
(Sharecast News) - Doorstop lender Morses Club said on Friday that it was "materially loss-making" in the six months ended 27 August and that it was "increasingly imperative" that it make "substantive progress" regarding a potential scheme of arrangement.
Read moreMorses Club confident after swing to statutory loss
25th Aug 2022 07:20
(Sharecast News) - Non-standard credit provider Morses Club reported an 11.2% improvement in full-year revenue on Thursday, to £111.4m.
Read moreMorses Club considers scheme of arrangement to settle redress claims
20th Jul 2022 07:58
(Sharecast News) - Subprime lender Morses Club said on Wednesday that it was considering using a scheme of arrangement to deal with the rising number of customer redress claims for unaffordable lending.
Read moreMorses Club says complains to dent H1 performance, shares tank
21st Jun 2022 08:16
(Sharecast News) - Morses Club shares tanked on Tuesday after the doorstep loans provider warned that a recent increase in claims made by claims management companies against its home collected credit (HCC) division could dent its first-half performance.
Read moreShore Capital places Morses Club under review following profit warning, CEO departure
21st Feb 2022 14:21
(Sharecast News) - Analysts at Shore Capital put their rating and target price on Morses Club under review on Monday following an unscheduled trading update from the lender, which included a profit warning and the sudden exit of its CEO.
Read moreMorses Club tumbles on profit warning, CEO departure
21st Feb 2022 08:42
(Sharecast News) - Morses Club shares tumbled on Monday after the subprime lender warned on profits due to customer complaints and announced the departure of chief executive Paul Smith.
Read moreMorses Club withdraws plans for new structure and holding company
17th Dec 2021 15:24
(Sharecast News) - Non-standard financial service provider Morses Club updated investors in recent events on Friday, reporting that after an ongoing review of proposals for the reorganisation of its business and corporate structure to introduce a new holding company, U Money, it had decided not to proceed with the process.
Read moreMorses Club H1 revenues and pre-tax profits rise as digital division shines
7th Oct 2021 08:22
(Sharecast News) - Doorstop lender Morses Club said on Thursday that revenues and adjusted pre-tax profits had risen in the six months ended 28 August.
Read moreMorses Club performs 'strongly' in H1
9th Sep 2021 09:30
(Sharecast News) - Lender Morses Club said on Thursday that it had "performed strongly" during the six months ended 28 August and traded in line with market expectations.
Read moreMorses Club sees demand 'steadily' increase across all lending products
13th Aug 2021 08:28
(Sharecast News) - Non-standard financial services firm Morses Club said on Friday that it had continued to trade in line with expectations, with demand steadily increasing across all lending products.
Read moreMorses Club sees 'steady increase' in customer demand during Q1
22nd Jun 2021 08:51
(Sharecast News) - Doorstep lender Morses Club said on Tuesday that it had seen "a steady increase" in customer demand in both its home collected credit and digital divisions in the first quarter of the year despite the continued impact of the Covid-19 pandemic on trading.
Read moreMorses Club performs 'resiliently' in 2020
4th Mar 2021 14:57
(Sharecast News) - Non-standard financial services provider Morses Club said on Thursday that it performed "resiliently and profitably" in the year ended 27 February, accelerating its digital strategy in response to the Covid-19 pandemic.
Read moreMorses Club taps Graeme Campbell for CFO
5th Oct 2020 10:44
(Sharecast News) - Doorstop lender Morses Club appointed Graeme Campbell to the role of chief financial officer on Monday, effective 12 October.
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