Sunday June 7, 2020

IFG will have to work hard to restore Confidence

IFG's joint venture mortgage business with GE Capital last week surpassed the milestone of €1 billion in lending.

27th November, 2004

IFG's joint venture mortgage business with GE Capital last week surpassed the milestone of €1 billion in lending.

The news did little to assuage nervous investors, after an unexpected profit warning by the company wiped out almost one-quarter of its valuation.

Shares in IFG had recovered 7 cent to 78 cent by last Friday, but the damage to investor confidence may take a little longer to overcome. IFG warned in a trading statement that earnings...

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