Shares in the niche finance provider S&U surged as trading commenced on Tuesday, following the company's announcement of a "resurgence in profitability."

The firm's shares climbed over three per cent in the morning session to 1,940, as reported by City AM .

This increase was spurred by an optimistic trading update from the lender, which foresees increased momentum for the latter half of the year.

S&U credited the Supreme Court's decision on motor finance for providing greater clarity and stability to its operations.

The company's vehicle financing division, Advantage, has reportedly "outpaced" the national market recovery, which saw a six per cent increase in volumes.

In the latter half of 2024, S&U openly criticized the Financial Conduct Authority, attributing the regulator's strin

See Full Page