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Bridging Funding

4th Floor
75 Wells Street
W1T 3QH

Tel: 0207 101 9349 / 0207 993 5678
E: info@bridgingfunding.com

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Bridging & Financial News

U.S. junk energy index spread widens to three-year high February 25, 2020
Credit investors nervous about the threat the coronavirus poses to the global economy have pulled money out of riskier bonds, widening the spread of U.S. junk-rated energy debt over Treasuries to a three-year high on Tuesday.
UPDATE 4-In first public results, Branson's Virgin Galactic posts $73 mln quarterly loss February 25, 2020
Billionaire Richard Branson's space tourism company, Virgin Galactic Holdings Inc, said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss of $46 million as it reported its first results as a publicly traded company.
Hong Kong banks face coronavirus toll on asset quality, loan growth February 25, 2020
Hong Kong's banks face at least two quarters of worsening asset quality and slowing loan growth as the coronavirus outbreak hits trade and consumer banking, analysts and bankers said.
REFILE-UPDATE 2-Mallinckrodt agrees to $1.6 bln opioid settlement, unit to seek bankruptcy February 25, 2020
Mallinckrodt Plc on Tuesday said it had agreed to a $1.6 billion settlement proposal in which its generic drug business would file for bankruptcy in order to resolve thousands of lawsuits alleging it helped fuel the U.S. opioid epidemic.
Toll Brothers misses profit estimates as lower prices weigh, shares fall February 25, 2020
U.S. luxury homebuilder Toll Brothers Inc missed Wall Street estimates for quarterly profit on Tuesday, as lower prices weighed on margins, sending its shares down 8% in extended trading.
Toll Brothers Reports Q1 Profit Below Estimates February 25, 2020
* Q1 REVENUE $1.3 BLN VS REFINITIV IBES ESTIMATE OF $1.45 BLN
UPDATE 2-JPMorgan gets busy in repo lending after regulatory nod -CFO February 25, 2020
JPMorgan Chase & Co is putting more cash into overnight lending markets and holding less for a rainy day, after discussing the matter with regulators, the bank's finance chief said on Tuesday.
Australian shares set to drop over 2% at open, NZ falls February 25, 2020
Australian shares were poised to slump at open on Wednesday, the fourth straight session of declines, as the rapid global spread of the coronavirus beyond China rattled risk sentiment. With an acceleration of confirmed virus cases in several countries such as South Korea and Iran, the U.S. Centers for Disease Control and Prevention late on […]

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENT ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

The activities carried out by Bridging Funding are not regulated by The Financial Conduct Authority as we only lend in the following circumstances: - Loans only offered for commercial lending - Minimum loan amount is £100,000 - *Loans are secured on land less than 40% of which is used for dwelling - Borrowers confirm that the loans are for business purposes

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