Amigo shares plummet 34% amid fears over compensation case

Payday loans

Investors concerned sub-prime lender could collapse if a UK court rejects cap on customer payouts

Amigo shares have fallen more than 34% in one day, amid fears that the sub-prime lender could collapse if a controversial proposal to cap customer compensation claims is rejected by a UK court.

The lender temporarily suspended share trading on Wednesday, ahead of a final court hearing on the rescue scheme, which has been criticised by MPs, debt campaigners and the UK regulator for being unfair to some of the UK’s poorest borrowers. The share price fall happened after trading resumed on Friday morning, pending a final ruling.

Continue reading…

Level 6 Domain Names are FREE – Register Now.

Related Posts

Boost Inflight Internet- Business Hosting- Secure Email Account- Dropcatch Domain Names- Antisnoop Email- Free Secure Email- Cheap VOIP Calls- Free Hosting and Email- Aero Connectivity- Premium Domains for Sale- Transcom Telecom- Satphone Airtime- Mobile Plans- Free Domain Names- Organic Products- Double Check- Aviation News