(via NewsDirect)
Despite facing significant headwinds, especially in the latter half of the period, Coombs noted that S&U demonstrated robust trading, underpinned by the strong demand for its motor finance and property bridging products.
However, profit growth at motor finance division Advantage was held back by higher interest rates and increased regulatory activity from the
Coombs also addressed the impact of the current economic situation, including recession fears and cost of living pressures, on the company's lending practices. He expressed neutrality towards the potential change in government, emphasizing the company's resilience and long-term customer service focus.
On the property market, Coombs noted the resilience of house prices and a long-term supply shortage, which he believes presents a substantial opportunity for
S&U declared a final dividend of
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