S&U Update Note - Positive Results Overall
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S&U Update Note - Positive Results Overall



This week's preliminary results from S & U confirmed the trends highlighted in the trading update in February. The core Advantage non-prime motor finance business posted its 19th consecutive year of profit growth. This despite headwinds which saw an increasingly competitive market combined with S & U's decision to impose stricter underwriting criteria, which caused a fall in the total number of loans outstanding.


Read the full note here.

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