UK's S&U surges after FCA decision on motor finance halves redress pool

S&U

01/04/2026 08:23

** S&U Plc SUS.L jumps as much as 17.4% to 2,230p; set to log biggest one-day percentage gain since March 2020

** Specialist motor and property financier says FCA's decision on motor finance redress scheme to halve number of its eligible customers for redress

** FCA lowered amount of compensation motor finance industry expected to pay to UK motorists for unfair vehicle loans

** YTD, SUS marginally up

 (Reporting by Yamini Kalia in Bengaluru)

 ((Yamini.Kalia@thomsonreuters.com))