Blog

AMS Osram Q3 23 Credit Update
November 10, 2023

Operating Performance Going forward, the exit of the non-core semiconductor business portfolio will affect the revenue run-rate by a reduction from AMS Osram Q3 23 Credit Update

Register
Moody’s TMT seminar, my notes.
November 9, 2023

Moody’s invited us to their TMT (Technology, Media, Telecoms) Ratings Risk seminar this week. The main focus of the talk from Moody’s TMT seminar, my notes.

Read more
Iceland: Q2 2024 Credit Update
November 3, 2023

Operating Performance Iceland seems to be turning a corner after a tumultuous year of higher energy costs, food inflation, intense from Iceland: Q2 2024 Credit Update

Register
Boparan Q4’23 Credit Summary
October 26, 2023

Financials Operating Performance Total revenue for Q4’23 down 2.1% YoY to £739m, down £15.5m on Q4’22. Revenue growth has been from Boparan Q4’23 Credit Summary

Register
Matalan Credit Summary Update Q2’24

OPERATING PERFORMANCE Total revenue for Q2’24 up 0.8% YoY to £289m, up £2.2m on Q2’23.Retail Revenue up 8% YoY, whilst from Matalan Credit Summary Update Q2’24

Register
RSA Group Credit Review
October 17, 2023

Subsidiary of Intact Financial Corp (IFC) Business operating Model RSA Group (“RSA Insurance Group”, formerly “Royal & Sun Alliance”), is from RSA Group Credit Review

Register
LendInvest PLC FY 2023 Credit Review
September 28, 2023

Lendinvest PLC (“Lendinvest”) is one of the UK’s leading alternative real estate lenders, with £3.6Bln FUM, £2.5Bln platform AUA. Lendinvest from LendInvest PLC FY 2023 Credit Review

Register
Together Financial Services Credit Update FY’23
September 22, 2023

H1’23 Credit Summary Together Operating Performance Income Summary Critically, Together continues to generate internal capital through profits. In FY’23 they from Together Financial Services Credit Update FY’23

Register
The Bank of England’s Monetary Policy Committee leaves interest rates unchanged in a narrow vote at 5.25%
September 21, 2023

The Bank of England has maintained its interest rates at 5.25% following a closely divided vote, likely signalling the peak from The Bank of England’s Monetary Policy Committee leaves interest rates unchanged in a narrow vote at 5.25%

Read more
With today’s update by Ocado, here is a refresher on the current performance of the UK Supermarket Sector
September 19, 2023

Firstly, Supermarket food inflation reached 17.5% in April-May 2023. This has obviously not only driven inflation, but has been partly from With today’s update by Ocado, here is a refresher on the current performance of the UK Supermarket Sector

Register
AMS OSRAM 1H’23 Credit Review
September 14, 2023

Operating Performance [Bullet point summary of performance focussing on LfL & inorganic Revenue growth, cost structure and margin development] Going from AMS OSRAM 1H’23 Credit Review

Register
Canary Wharf: 1H 2023 Credit Review
September 10, 2023

Summary & Recent news Canary Wharf H1 23 (“CWG”) results appear varied. Operationally CWG has managed to mobilize the space, from Canary Wharf: 1H 2023 Credit Review

Register
Dignity PLC 2023 Credit Review
September 5, 2023

Financials Recent news Acquisition Dignity has approved a £281 million acquisition proposal from a consortium supported by investment firms SPWOne from Dignity PLC 2023 Credit Review

Register
AMPIL2 (AMP Clean Energy Update)
August 18, 2023

We first looked at AMPIL (AMP Clean Energy) in December 2022, club members can find our detailed piece here: https://www.europeanhighyield.online/aggregated-micro-power-infrastructure-2-plc-ampil2/. from AMPIL2 (AMP Clean Energy Update)

Read more
Vanquis Bank Credit Review H1’23
August 15, 2023

H1’23 Credit Summary Key credit risk is the scale of Credit Card receivables. Vanquis Operating Performance Income Summary Vanquis generated from Vanquis Bank Credit Review H1’23

Register
CoOp Bank Credit Review H1’23
July 28, 2023

H1’23 Credit Summary CoOp Bank Operating Performance Income Summary Critically, CoOp bank continues to generate internal capital through profits. In from CoOp Bank Credit Review H1’23

Register
International Personal Finance IPFLN FY’22 Update

Credit Summary International Personal Finance (“IPF”) Business origination in consumer credit and underlying performance in FY’22 remains robust. The European from International Personal Finance IPFLN FY’22 Update

Register
John Lewis Credit Update July 2023
July 25, 2023

CREDIT SUMMARY Performance at John Lewis in 2023 was not as sound as investors had expected. Revenues were down 2.8% from John Lewis Credit Update July 2023

Register
Co-Operative Bank Quick Take
July 17, 2023

Credit Summary CoOp Bank Operating Performance Income Summary Critically, the CoOp Bank has managed to rectify the losses incurred over from Co-Operative Bank Quick Take

Register
IOGLN, H1 2023 Operational Update
July 14, 2023

IOG was out yesterday with a H1 23 operational update. The operational update provide a confirmatory update on gas flow from IOGLN, H1 2023 Operational Update

Register

Success

Your account has been created successfully

Success

Your categorisation has been upgraded successfully

You can’t re-categorise

Please email [email protected]
if you believe this in error

You do not qualify

Unfortunately you don’t meet the necessary criteria to upgrade your account.