Shawbrook: Underlying profit dips as challenger bank’s margins narrow Banking Challenger bank Shawbrook has reported a dip in underlying profit for the first half of 2024 as looming interest rate cuts from the Bank of England narrowed its lending margins.
Shawbrook Bank delivers steady lending growth as specialist focus pays off Banking Specialist lender Shawbrook has reported an increase in loans and deposits as it steps up its challenge to the big banks.
Shawbrook delivers jump in profit on higher interest rates and lending growth Banking Challenger bank Shawbrook has posted a jump in annual profit on the back of interest rate hikes and higher lending.
Shawbrook owners mulling second listing attempt in potential boost for City February 12, 2024 The owners of Shawbrook Bank are reportedly exploring another IPO for the lender after plans for a £2bn blockbuster listing fell through two years ago.
Shawbrook profits soar, almost doubling to £34.8m July 28, 2015 Shawbrook has reported a 94 per cent rise in underlying pre-tax profit after its recent IPO and amid ongoing concerns of a bank surcharge. The figures Shawbrook, the challenger bank founded in 2011 to fill the gap left by high street lenders when they tightened restrictions on lending to small firms, has performed strongly in [...]
July Budget 2015: Challenger bank share prices plummet – Aldermore, Virgin Money, Shawbrook and OneSavings suffer worst day ever July 8, 2015 Publicly-traded British challenger banks suffered their worst day on record yesterday, as chancellor of the exchequer George Osborne said yesterday that a new corporation tax surcharge would take a significant chunk out of the industry’s profits. Reading-based retail bank Aldermore, which floated on the London Stock Exchange earlier this year, saw its share price [...]
Shawbrook bank shares dip as Iain Cornish becomes chairman July 6, 2015 EX-BANK of England regulator Iain Cornish been appointed as chairman of challenger bank Shawbrook, replacing former RBS boss and Shawbrook chair since 2011 Sir George Mathewson. Cornish left the Bank of England in March to become senior independent director of debt manager Arrow Global and wealth manager St James’s Place. Shawbrook was the last in [...]
Challenger bank Shawbrook appoints new chairman Iain Cornish to replace Sir George Mathewson July 6, 2015 Challenger bank Shawbrook has appointed former Yorkshire Building Society chief executive Iain Cornish as its new chairman. Cornish replaces former RBS boss Sir George Mathewson who will step down as chairman and as director with immediate effect. Cornish is a senior independent director of debt manager Arrow Global and wealth manager St James's Place. Read more: Challenger [...]
Shawbrook share price picks up after successful stock market flotation April 1, 2015 Challenger bank Shawbrook enjoyed a successful stock market debut yesterday, as its share price rose by as much as 6.5 per cent. The lender joined rivals, including Virgin Money and Aldermore among recent floats in the sector. Shawbrook’s shares priced at 290p, but rose as high as 308.75p in trading, before settling back to 302.5 [...]
Challenger bank Shawbrook prices shares at top of range on IPO April 1, 2015 Challenger bank Shawbrook may be late to the IPO party, but that hasn't prevented it from getting its flotation off to a running start, after it priced shares at 290p each, near the top of its range of 255p-305p on its first day of conditional trading. The pricing valued the bank at £725m, raising £90m [...]