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Why we bought Provident Financial

why we bought provident financial
Provident Financial, the Bradford-based sub-prime lender, has gone up in flames in recent weeks from an investment perspective. Profit warnings and high profile departures have left the company..
City A.M.

Interserve shares show signs of recovery as with new finance director

interserve shares show signs of recovery as with new finance director
After Interserve's monumental share price crash last week, which wiped more than £116m from its market cap, the support services and construction company has finally begun to recover. *Read..
City A.M.

Videos for "Provident Financial"

News video: Provident Financial Drops Most Ever

Provident Financial Drops Most Ever 02:15

Aug.22 -- Bloomberg Intelligence’s Jonathan Tyce discusses problems at Provident Financial. He speaks with Mark Barton on "Bloomberg Markets."
Source: Bloomberg Global Business -

 

Provident Financial facing a £300m bill in a PPI-style mis-selling scandal

provident financial facing a £300m bill in a ppi-style mis-selling scandal
Stricken doorstep lender Provident Financial is facing a £300m bill to clear up the fall out of a regulatory probe into the mis-selling of a PPI-style product. Subsidiary Vanquis Bank is..
City A.M.

The 11 stocks which have dropped in value but could still be worth a punt

the 11 stocks which have dropped in value but could still be worth a punt
Action in the stock market has certainly livened up the summer this year, as household names such as Provident Financial, Dixons Carphone and the AA have seen millions sheared off their share price..
City A.M.

Provident boss resigns from board of debt collection firm

provident boss resigns from board of debt collection firm
Peter Crook resigned from Cabot Credit Management, following his resignation in disgrace last month from sub-prime lender Provident Financial when it went into meltdown.
MailOnline

Is there a case for holding blue chips anymore?

is there a case for holding blue chips anymore?
It's been a difficult summer for some large cap companies in the UK. Back in July, FTSE 250 firm Carillion saw its share price nosedive on the back of a profit warning, before tumbling to fresh lows..
City A.M.

Top fund manager ditches troubled doorstep lender Provident Financial

top fund manager ditches troubled doorstep lender provident financial
One of the UK largest fund managers has ditched support for troubled doorstep lender Provident Financial. M&G, listed as one of Provident's top five biggest backers at the end of July, has..
City A.M.

“I'm right to be criticised”: Woodford issues apology after huge losses

The once-praised fund manager Neil Woodford has issued a subdued apology to investors after losing millions of pounds on a selection of disastrous stock picks. Appearing on a video blog on his own..
City A.M.

Neil Woodford invests another £4m into crowdfunding platform Seedrs

neil woodford invests another £4m into crowdfunding platform seedrs
Star fund manager Neil Woodford has increased his stake in crowdfunding startup Seedrs with a fresh £4m investment, taking his total to £10m. Woodford Investment Management kicked off a..
City A.M.

Provident Financial boss walks off with £2.4m pensions

provident financial boss walks off with £2.4m pensions
The doorstep lender said on Friday that Crook had agreed to forgo a payoff having resigned after a botched overhaul. But Crook is entitled to two pensions
MailOnline Also reported by •thisismoney.co.uk

Shamed ex-boss of Provident Financial surrenders £4.2m

shamed ex-boss of provident financial surrenders £4.2m
Last month, Provident admitted that attempts to upgrade its IT systems had caused chaos, with debt collectors being sent to the wrong houses at the wrong times.
MailOnline

Friend or foe

friend or foe
What do the woes of the UK's biggest door-to-door lender Provident Financial mean for hard-pressed borrowers?
BBC News

Friend or foe: Borrowing money at the door

friend or foe: borrowing money at the door
What do the woes of the UK's biggest door-to-door lender Provident Financial mean for hard-pressed borrowers?
BBC News

Provident Financial’s ex-CEO forgoes millions in pay and shares

Peter Crook surrenders a year of salary and bonuses after leaving subprime lender
FT.com

Provident Financial boss Peter Crook surrenders a year of pay and bonuses

provident financial boss peter crook surrenders a year of pay and bonuses
The former boss crisis-hit doorstep lender Provident Financial has agreed to forgo a year's worth of salary, benefits, and bonuses. Peter Crook, who left the firm in August on the same day it..
City A.M.

Provident Financial booted out of the FTSE 100

provident financial booted out of the ftse 100
The UK’s biggest doorstep lender has been through the mincer following the mother of all profit warnings and the summary ejection of its boss.
MailOnline

Provident Financial has just handed rival Morses a whopping profits boost

provident financial has just handed rival morses a whopping profits boost
The catastrophic collapse of Provident Financial has handed rival Morses Club a huge boost to profits. The UK’s second largest doorstep lender today posted bumper half-year figures with one..
City A.M.

FTSE reshuffle: Royal Mail and troubled Provident Financial relegated

ftse reshuffle: royal mail and troubled provident financial relegated
Troubled sub-prime lender Provident Financial has crashed out of the FTSE 100, the London Stock Exchange today confirmed. Royal Mail will also drop out of the blue-chip index in September, with..
City A.M.

Provident Financial’s crash out of FTSE 100 ends remarkable run

UK subprime lender suffers turbulent few months after profit warning hits shares
FT.com

Royal Mail leaves the FTSE 100 in quarterly shake-up

royal mail leaves the ftse 100 in quarterly shake-up
The postal service will join the FTSE 250 along with troubled doorstep lender Provident Financial.
BBC News


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