Australia's FleetPartners Group up on FY new business writings upgrade
13/07/2026 05:24
BUZZ-Australia's FleetPartners Group up on FY new business writings upgrade ** Australia's FleetPartners Group FPR.AX shares rise as much as 4.7% to A$3.12, highest level since December 9, 2025
** Shares set to mark biggest pct gain since May 15, if moves hold
** FPR upgrades FY26 new-business growth forecast to high-single-digit growth from marginal growth
** YTD new business written (NBW) up 8%, with A$246 mln ($170.36 mln) written in 3Q26
** Assets under management and finance (AUMOF) up 6% year-on-year to A$2.44 bln and core income up 7% YTD
** Weakness in used-car profits is temporary and expects end-of-lease income to improve in 4Q26
** Including sessions move, stock up 6.01% YTD
($1 = 1.4440 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)