UK's Funding Circle falls after CEO announces departure
08/09/2026 13:29
BUZZ-UK's Funding Circle falls after CEO announces departure ** Shares of Funding Circle FCH.L down 7.6% at 212p
** The British commercial lender says CEO Lisa Jacobs to step down by September 2027
** Jacobs joined FCH in 2012; appointed CEO in January 2022
** Separately, co raises FY26 pretax profit forecast to more than £40 mln ($54.18 mln) from prior est of at least £35 mln
** Sees FY29 medium term forecast for PBT margins of low- to mid-20s percent
** As of last close, stock up ~67.7% YTD
($1 = 0.7383 pounds)
(Reporting by Ankita Bora in Bengaluru)