Funding Circle shares fall, but Cavendish sees a chance to 'buy'

Tech Written by: Ian Lyall 13:00 Fri 11 Sep 2026 --> Edited by: Jamie Ashcroft Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Funding Circle Holdings PLC ( LSE:FCH ) View Price & Profile Funding Circle shares fall, but Cavendish sees a chance to 'buy' Published: 13:00 11 Sep 2026 BST Funding Circle Holdings PLC (LSE:FCH) received renewed backing from Cavendish, which called the share-price retreat a buying opportunity despite uncertainty over the chief executive’s planned departure. On succession, Lisa Jacobs plans to leave by September 2027, although the analysts expect the extended transition and management depth to help limit execution risk. Supporting the broker’s case, first-half pre-tax profit rose 302% to £24.1 million, with revenue up 50% to £138.2 million and operating leverage improving profitability. Following those results, management raised financial year 2026 guidance to revenue above £255 million and pre-tax profit above £40 million. In response, Cavendish lifted its 2026 pre-tax profit forecast to £41.1 million from £40.8 million and its 2027 estimate to £55.9 million from £55 million. Alongside Term Loans growth , FlexiPay and Credit Card revenue climbed 83% to £30 million, while higher expected credit loss charges primarily reflected portfolio expansion. On shareholder returns, the lender announced another buyback of up to £25 million, above the broker’s £20 million forecast, after ending June with £136 million in unrestricted cash. Calling its forecasts conservative, the broker sees scope for further upgrades if October’s Budget has a neutral or positive impact on business confidence. In afternoon trading, the shares stood at 193.20p, down 3%. Continue reading