LONDON, July 5, 2026, 20:04 BST
- Funding Circle ended Friday at 169.20p, rising 4.83%. The London Stock Exchange trades from 0800 to 1630 BST on weekdays, so Friday’s price is the last for FCH ahead of Monday.
- The stock jumped 16.5% from June 26 to July 3. Over the same period, the FTSE 250 added 1.7%.
- June 30 voting-rights numbers put market cap at about £502 million at Friday’s close. Next up is the July 16 half-year trading update.
London trading was closed Sunday, so Friday’s close at 169.20p is the latest for Funding Circle Holdings plc (LON:FCH). Shares finished up 7.80p on the day, trading just under 1 million shares. The stock is now 4.3% off its 52-week high of 176.80p.
Funding Circle jumped 16.5% in five sessions after the June 26 close of 145.20p, while the FTSE 250 added around 1.7%. That’s a sharp gap, based on historical price data for both Funding Circle and the FTSE 250.
| Date | Funding Circle close | FCH day move | FTSE 250 close | FTSE 250 day move |
|---|---|---|---|---|
| June 26 | 145.20p | — | 23,147.19 | — |
| June 29 | 145.00p | -0.1% | 23,014.85 | -0.57% |
| June 30 | 148.20p | up 2.2% | 23,013.45 | off less than 0.01% |
| July 1 | 158.60p | up 7.0% | 23,330.07 | gained 1.38% |
| July 2 | 161.40p | added 1.8% | 23,417.58 | rose 0.38% |
| July 3 | 169.20p | up 4.8% | 23,538.80 | added 0.52% |
With 296,683,659 shares counted for voting rights as of June 30, the jump in share price this week lifted equity value by around £71.2 million. That’s meaningful. Funding Circle said it had about £76 million in future deployable cash after January’s sale of shorter-term loan assets, once it set aside funds for the buyback and left a £40 million operating buffer.
The buyback was a small fraction of the market-value move. A June 29 disclosure showed purchases from June 22 to June 26 at prices between 141.1775p and 147.2383p, with 173,470 shares bought. The table shows a weighted average price of 144.5p and a total spend around £0.25 million.
| Measure | Amount | Read-through |
|---|---|---|
| Shares picked up in June 22-26 window | 173,470 | Roughly 0.06% of voting stock |
| Estimated spend on buyback | About £0.25 mln | Minimal versus weekly market cap jump |
| Average buyback price paid | 144.5p | About 14.6% under Friday close |
| Market cap gain June 26 to July 3 | About £71.2 mln | Rally wasn’t just buyback-driven |
Funding Circle said Tamsin Todd will join as an independent non-executive director on July 13. Neil Rimer will leave the board on Sept. 30. Chair Ken Stannard said tech and data drive the company’s edge. CEO Lisa Jacobs credited Rimer for backing the business in 2011, when lending stood below £12 million. The group now puts total lending at over £17 billion.
The board change comes ahead of a trading update that’s getting fresh attention after the shares’ rally. Funding Circle in March posted 2025 revenue of £204.3 million, up 28%. Profit before tax hit £20.3 million. Credit extended reached £2.45 billion and assets under management came in at £2.96 billion. Back then, Jacobs said the company had “supported more SMEs than ever before.” Funding Circle Holdings plc (LSE: FCH)
The latest company-compiled analyst consensus, updated April 22, sets 2026 revenue at £235 million and profit before tax at £35 million. Friday’s share price gives the company a market value at roughly 14.3 times the 2026 pretax profit estimate, and 9.8 times 2027’s forecast profit before tax of £51 million.
| House / analyst | Target price | Rating | Premium to 169.20p close |
|---|---|---|---|
| Deutsche Numis / Robert Noble | 190p | Buy | 12.3% |
| Investec / Piers Brown | 220p | Buy | 30.0% |
| KBW / Edward Firth | 190p | Outperform | 12.3% |
| Canaccord / Tom Like | 300p | Buy | 77.3% |
| Shore Capital / Gary Greenwood | 193p | Buy | 14.1% |
Funding supply still controls the story. On June 18, Funding Circle said its tenth SBOLT securitisation lifted total securitised issuance to around £2.5 billion since 2016, with loans to more than 33,000 UK small businesses. Chief capital officer Dipesh Mehta called it “strong pricing achieved.” Reinald de Monchy at British Business Bank said the deals can “broaden the range of finance available”. Investegate
There’s nothing on the calendar until the half-year 2026 trading update, set for July 16. Results for the half-year are down for Sept. 8. (
