This content is not available in your region

Funding Circle says trading to exceed expectations in 2021 so far

By Reuters

LONDON (Reuters) – Peer-to-peer lender Funding Circle said on Wednesday that trading has been stronger than anticipated in 2021 so far and that total income and core earnings were anticipated to be ahead of previous expectations.

The company said it now expects total income in the first half of 2021 to be no lower than 120 million pounds ($170.32 million) and adjusted core earnings to be no lower than 40 million pounds.

($1 = 0.7046 pounds)

(Reporting by Abhinav Ramnarayan; Editing by Rachel Armstrong)