S&U plc (GB:SUS) has released an update.
S&U plc, a specialist in motor and property finance, reported a cautious market approach due to regulatory changes, leading to lower profits in the first quarter despite strong demand for their products. The motor finance arm, Advantage Finance, has seen a temporary reduction in performance, while the property finance division, Aspen Bridging, has doubled its advances with a record profit. The company remains optimistic about future growth, buoyed by an improving economic outlook and extended banking facilities.
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