LONDON (Reuters) – Shares in British sub-prime lender Amigo jumped 43% in early trading on Tuesday after it was granted court approval the previous day for a compensation scheme for past customers and a rescue plan for the business.
Amigo had been fighting for its life in the courts for more than a year after a deluge of customer claims.
The company said on Monday that it would seek regulatory permission to resume lending and raise fresh capital.
(Reporting by Iain Withers; Editing by David Goodman)
