IN BRIEF: Morses Club backs outlook for 2022 financial year results

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Morses Club PLC - Nottingham, England-based home collected credit provider and online lender - Expects to meet its financial year guidance it released in July.

‘The impact of the uphold rates on complaints and adviser fees resulting from additional audit work, means that the adverse effect on adjusted profit before tax for financial year 2022 is now likely to fall within the range of a 30% to 40% discount to market consensus,’ firm said last month.

Morses Club will release its report for the year ended February 26 report next week Thursday.

Current stock price: 5.50 pence

12-month change: down 93%

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