The board of downtrodden doorstep lender Provident Financial has been blasted by its former boss for a lack of experience in home credit and a flawed decision to turn the business into a fintech.. City A.M.
British-based overseas doorstep lender International Personal Finance today received a boost from selling its services under the Provident Financial banner.
The Leeds-based firm said it had.. City A.M.
For those who have a mind to find one, there is always a reason not to invest in the equity markets and yet, remain forever in cash and over the longer term you are likely to be materially worse.. City A.M.
Star fund manager Woodford has rushed to the support of Provident Financial, buying a fresh multi-million-pound stake in the troubled doorstep lender.
Woodford, which previously owned just under a.. City A.M.
Provident Financial unveiled signs it had stemmed the tide of recent bad news this morning, saying that while it's expecting a loss of £80m-£120m for the year in its consumer credit division, that's.. City A.M.
The Bradford-based firm, which makes short-term loans at high interest rates to people in financial difficulty, has claimed that it is making progress with a turnaround plan. MailOnline Also reported by •thisismoney.co.uk
Provident Financial today reaffirmed guidance for a pre-exceptional loss of up to £120m for the year, saying it won't be paying a dividend after weathering a difficult period where the firm issued.. City A.M.
One of the UK's largest asset managers, Jupiter, has pulled £300m from Neil Woodford's flagship fund, a spokesperson for Woodford Investment Management confirmed this afternoon.
The Jupiter Merlin.. City A.M.
Shares in Britain's biggest doorstep lender Provident Financial plummeted after being fined £75,000 by watchdogs for a mass text message and email spamming campaign.
Subsidiary Vanquis Bank.. City A.M.
Morses Club boss Paul Smith believes close to 3,000 workers may have ditched the beleaguered business – either signing up with another company or getting out of the industry altogether. MailOnline Also reported by •thisismoney.co.uk
Britain's second largest doorstep lender has received a huge boost by poaching hundreds of agents from crippled rival Provident Financial.
Paul Smith, the chief exec of Morses, told City A.M. this.. City A.M.
Payday lender Wonga today said it will return to profitability this year, boosted by walking away from a controversial sponsorship deal with Newcastle United.
The privately-owned firm said it was.. City A.M.