Amigo falls short of cash call target, explores options British subprime lender Amigo said today it was struggling to secure the additional £45m of capital from investors it had targeted as part of a court-approved rescue plan, and was exploring its options. Business • 10 Mar 23
Amigo falls short of cash call target, explores options British subprime lender Amigo said today it was struggling to secure the additional £45m of capital from investors it had targeted as part of a court-approved rescue plan, and was exploring its options. Business • 10 Mar 23
Amigo puts potential rescue plans to creditors UK subprime lender Amigo said today it had finalised two potential rescue schemes for the ailing company, which will be voted on by creditors. Business • 13 Dec 21
Amigo puts potential rescue plans to creditors UK subprime lender Amigo said today it had finalised two potential rescue schemes for the ailing company, which will be voted on by creditors. Business • 13 Dec 21
Amigo proposes equity raise under rescue plan UK subprime lender Amigo said today it expects court proceedings over its new rescue plan to take at least four months once submitted. Business • 29 Nov 21
Amigo proposes equity raise under rescue plan UK subprime lender Amigo said today it expects court proceedings over its new rescue plan to take at least four months once submitted. Business • 29 Nov 21
Amigo says progress on rescue plan slower than expected British subprime lender Amigo said today that progress on its new rescue plan was slower than it had expected, as talks critical to its future continue with the financial regulator. Business • 29 Sep 21
Amigo says progress on rescue plan slower than expected British subprime lender Amigo said today that progress on its new rescue plan was slower than it had expected, as talks critical to its future continue with the financial regulator. Business • 29 Sep 21
Sub-prime lender Amigo posts Q1 profit British subprime lender Amigo has today posted a steep rise in first-quarter profit , days after reporting a sharp loss for its last financial year. Business • 27 Aug 21
Sub-prime lender Amigo posts Q1 profit British subprime lender Amigo has today posted a steep rise in first-quarter profit , days after reporting a sharp loss for its last financial year. Business • 27 Aug 21
Ailing Amigo secures funding line waiver extension Amigo said it has secured three months breathing space on a funding line as it scrambles for its survival, but it has been cut to £100m from £250m. Business • 25 Jun 21
Ailing Amigo secures funding line waiver extension Amigo said it has secured three months breathing space on a funding line as it scrambles for its survival, but it has been cut to £100m from £250m. Business • 25 Jun 21
Amigo facing insolvency but won't appeal court ruling Amigo Holdings said today it was looking at filing for insolvency after a court last week rejected a rescue plan for the subprime lender. Business • 01 Jun 21
Amigo facing insolvency but won't appeal court ruling Amigo Holdings said today it was looking at filing for insolvency after a court last week rejected a rescue plan for the subprime lender. Business • 01 Jun 21
UK court rejects subprime lender Amigo's rescue plan The UK High Court has rejected a rescue plan from subprime lender Amigo that would have cut compensation payouts to customers for mis-selling loans, sending the company's shares plunging more than 50% today. Business • 25 May 21
UK court rejects subprime lender Amigo's rescue plan The UK High Court has rejected a rescue plan from subprime lender Amigo that would have cut compensation payouts to customers for mis-selling loans, sending the company's shares plunging more than 50% today. Business • 25 May 21
UK lender Amigo's shares tumble as future in limbo Shares in guarantor lender Amigo, which is awaiting a court decision on a rescue plan, fell as much as 50% after a temporary suspension of share trading was lifted today. Business • 21 May 21
UK lender Amigo's shares tumble as future in limbo Shares in guarantor lender Amigo, which is awaiting a court decision on a rescue plan, fell as much as 50% after a temporary suspension of share trading was lifted today. Business • 21 May 21
Amigo flags going concern uncertainty as Covid-19 bites Subprime lender Amigo has reported a 36.5% fall in first half revenues and flagged "material uncertainty" about its future operations. Business • 26 Nov 20
Amigo flags going concern uncertainty as Covid-19 bites Subprime lender Amigo has reported a 36.5% fall in first half revenues and flagged "material uncertainty" about its future operations. Business • 26 Nov 20
Amigo to set aside more cash to settle complaints British lender Amigo said today it had extended a deadline with the Financial Conduct Authority to deal with a backlog of customer complaints and set aside more money to settle them. Business • 03 Jul 20
Amigo to set aside more cash to settle complaints British lender Amigo said today it had extended a deadline with the Financial Conduct Authority to deal with a backlog of customer complaints and set aside more money to settle them. Business • 03 Jul 20
UK subprime lender Amigo abandons sale UK subprime lender Amigo is no longer up for sale after a potential bidder pulled out of the process and its chairman Stephen Wilcke resigned on June 7, it said today. Business • 08 Jun 20
UK subprime lender Amigo abandons sale UK subprime lender Amigo is no longer up for sale after a potential bidder pulled out of the process and its chairman Stephen Wilcke resigned on June 7, it said today. Business • 08 Jun 20
UK subprime lender Amigo launches formal sale process British subprime lender Amigo said it was talking to potential buyers after launching a strategic review and sales process last month, sending its shares up 8%. Business • 18 Feb 20
UK subprime lender Amigo launches formal sale process British subprime lender Amigo said it was talking to potential buyers after launching a strategic review and sales process last month, sending its shares up 8%. Business • 18 Feb 20
Amigo founder puts company up for sale British subprime lender Amigo has launched a strategic review, as founder James Benamor wants to find a new owner for his 60.6% stake, the company said today. Business • 27 Jan 20
Amigo founder puts company up for sale British subprime lender Amigo has launched a strategic review, as founder James Benamor wants to find a new owner for his 60.6% stake, the company said today. Business • 27 Jan 20
