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LONDON BRIEFING: Sage looks to Business Cloud for sales silver lining

LONDON BRIEFING: Sage looks to Business Cloud for sales silver lining
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LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer

LONDON MARKET PRE-OPEN: ContourGlobal ahead; Amigo scheme closer
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SMALL-CAP WINNERS & LOSERS: Amigo moves step closer to lending restart

SMALL-CAP WINNERS & LOSERS: Amigo moves step closer to lending restart
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Amigo delayed results show widened loss as cash put away for scheme

Amigo delayed results show widened loss as cash put away for scheme
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TOP NEWS: Amigo's shares halve as claims scheme shot down by court

TOP NEWS: Amigo s shares halve as claims scheme shot down by court
Tue, 25th May 2021 11:21
(Alliance News) - Amigo Holdings PLC said Tuesday the UK High Court has not approved the guarantor loans provider s scheme to settle compensation claims.
Shares in the Bournemouth-based provider of guarantor loans sunk by 50% in response in London on Tuesday to 9.31 pence. The stock traded at 276.00p less than two years ago.
At the end of December, Amigo pursued the use of a scheme of arrangement, in order to attain certainty on the total liabilities which arise from customer complaints.
It believed that a scheme would prove to be the best vehicle for addressing customer redress claims, but admitted that the plan would not allow all claims arising from unaffordable lending to be paid in full. ....

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