friendless

MARKET REPORT: Watchdog’s dividend curb leaves Amigo Loans friendless

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Amigo shares sank after it was told it will not be able to pay any bonuses or dividends without the City watchdog’s permission. The Financial Conduct Authority (FCA) will require Amigo Loans, which has been branded a ‘legal loan shark’ by MPs, to obtain its approval before transferring any assets out of the group. The … Read more

MARKET REPORT: Amigo Loans friendless again as it fears for the future

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Amigo was hit with another huge sell-off after a surge in complaints pushed it into the red and it warned its financial future is uncertain. The guarantor lender, branded a ‘legal loan shark’ by MPs, racked up a £38million loss for the year to March 31 after it was forced to set aside £127million for … Read more