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S&U 'very encouraged' by latest trading update with confidence economy will rebound next year
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S&U PLC's (LON:SUS) Anthony Coombs talks to Proactive London's Katie Pilbeam about their latest trading and profitability update which he is 'very encouraged' by. He says despite the slowdown in November due to the second coronavirus pandemic lockdown, once the economy gets back on track, 'we will be able to resume our normal rates of growth'. He says the pandemic has highlighted 'peoples distrust in public transport and the fact that they want their own little space, in their own little car', as a result, the market was favouring the smaller used car sector in which Advantage specialises. He says their recovery is not 'as smooth as we would like because the government keeps changing their policies'. Meanwhile, the firm said its Aspen Bridging finance arm has achieved a “landmark” £100mln of lending since its foundation.
YouTube url:
https://www.youtube.com/watch?v=K5lAnNoR-9M
Created:
26. 12. 2020 15:56:17