UK's Funding Circle jumps on divesting US business

Funding Circle Holdings

25/06/2024 08:52

** Shares in Funding Circle Holdings  FCH.L  up as much as
17.6% to 100p, top gainer on FTSE smallcaps  .FTSC  index 
    ** British small- and mid-sized enterprises lender agrees to
sell its U.S. business for 33 mln pounds ($41.9 mln)
    ** Deal with iBusiness Funding 
    ** Says UK ops on track to attain profitability in H2 
    ** Shares hit highest since February 2022; stock on track
for best day of gains since April 23, if trend holds 
    ** Stock up ~143% so far this year 

    
  


($1 = 0.7881 pounds)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))