Credit Summary Strong underlying performance from Iceland in the FYE’2023, with sales up to nearly £4Bln. Inflation has been the from Iceland Q4’23 Operating Performance Credit Update

Introduction: Independent Oil & Gas is a North Sea gas producer with rights to six gas fields in the Southern from Independent Oil & Gas (IOGLN)

Summary Esure is a well established UK Motor Insurance provider, with a 4-5% market share, but with a very strong from Esure: Q4 2023 Update

Credit Summary The service-oriented core deposit franchise experienced ongoing growth in customer numbers during Q1’23. This resulted in the opening from Metro Bank Credit Review Q1’23

CREDIT SUMMARY Shawbrook Group (“Shawbrook”) has performed well over the past 4 years. Growing assets to £14Bln from £8.2Bln in from Shawbrook Group plc – Q1 2023 Trading Update

Financials Strong topline performance as UK pubs remain resilient in H1’23. Stonegate has been hit with increased inflationary costs, as from Stonegate Pubs Q2’23 Credit Update

Disclaimer This document is provided for information purposes only. The information and analysis contained in this document were compiled or arrived from FORD CREDIT REVIEW & OUTLOOK JUNE 2023

Business Description: Advanz Pharma is a specialty pharmaceutical company, focused on managing a portfolio of drugs. The company acquires product from Advanz Pharma (ADVZCN)

Operating Performance LFL revenue growth YoY up 7.8% to £5Bln (ex-fuel). Up 8%, £373m in gross revenue. Fuel sales down from ASDA Q1 2023 Update

Disclaimer This document is provided for information purposes only. The information and analysis contained in this document were compiled or arrived from STELLANTIS N.V. The largest car company you’ve never heard of!

Performance in Q2’23 has remained robust, generating £15m of underlying EBITDA. Revenue amounted to £66.1m, compared to £56.4m in Q2’22, from Punch Taverns still pulling pints through the cost of living crisis in 2023

Not exactly a mini bull run in US Stocks, as further examination illustrates. The S&P500 currently trading at 4,096, and from A mini bull run in the S&P 500? Overvalued or undervalued?

It is anticipated that an announcement will be made Sunday night regarding the acquisition of First Republic Bank. The FDIC from First Republic Bank on the brink!

Is the Global EV market going to take over the industry standard combustion engine? from Is the Global EV market going to take over the industry standard combustion engine?

Analysts are concerned with the troubled CMBS sector, as valuations suffer, lease income falls, occupancy rates are lower than pre-Covid levels. Furthermore the large exposures on banks’ and Insurance balance sheets, higher interest rates pushing credit costs up and the impending lack of liquidity in this market. from CMBS risk post Covid is a reminder of the 2008 crisis.

The money supply in the U.S. is shrinking fast, with an update Tuesday showing the biggest drop in the growth rate ever. It offers a crucial clue to the path of inflation and the central bank’s coming interest-rate decision from US M2 Money Supply Concerns

The asset quality of European banks is expected to experience only a moderate decline this year, but S&P’s base case from Do European banks face a rocky road ahead in 2023?

Currently, the amount of national debt owed by America to foreign investors is $7.3Tln, mostly in the form of Treasury from The US Foreign Debt Pile of $31Tln, and who owns it?!

The results are in – thank you for taking part The Q2 2023 Bloomberg Intelligence x European High Yield Online from Q2 ‘2023 High Yield Investor Survey

Credit Summary Morrisons has recently lost market share to Aldi, and subsequently dropped out of the top 4 supermarkets in from WM Morrison Supermarkets Ltd