Provident Financial breaks with history to change name, CEO to step down
26th Jan 2023 10:48
(Sharecast News) - Provident Financial Group is to change its name after more than 140 years to Vanquis Banking Group, the subprime lender said on Thursday.
Read moreProvident Financial 'on track' to meet full-year forecasts
19th Oct 2022 08:50
(Sharecast News) - Provident Financial said it remained on track to meet full-year forecasts on Wednesday, despite the "challenging" macroeconomic backdrop.
Read moreProvident Financial swings to interim profit
27th Jul 2022 08:18
(Sharecast News) - Subprime lender Provident Financial said on Wednesday that it swung to an interim profit following the wind down of its consumer credit division (CCD).
Read moreProvident Financial Q1 trading in line with management expectations
19th May 2022 07:51
(Sharecast News) - Lender Provident Financial said on Thursday that it had continued to trade in line with internal expectations during the first three months of the year, adding that it remained on track to meet full-year market expectations.
Read moreProvident Financial names Fiona Anderson as managing director of cards
24th Mar 2022 08:35
(Sharecast News) - Consumer finance company Provident Financial has tapped Fiona Anderson for the role of managing director of cards.
Read moreProvident Financial trades ahead of expectations in Q4, restructures Vanquis board
13th Jan 2022 08:16
(Sharecast News) - Sub-prime lender Provident Financial said its fourth-quarter trading performance continued to track ahead of management expectations, driven by favourable macroeconomic conditions and demand for credit from customers, and announced the restructuring of the board of Vanquis Bank as part of an effort to "substantially align its membership" with the board of PFG.
Read moreProvident Financial eyes dividend as trading improves
21st Oct 2021 08:20
(Sharecast News) - Provident Financial said it was considering paying out 30% of profit as dividends if economic conditions continue to improve.
Read moreThursday broker round-up
12th Aug 2021 12:09
(Sharecast News) - Hill&Smith: Berenberg keeps at buy and raises target price from 1,775.0p to 1,995.0p.
Read moreProvident losses widen as it winds down consumer credit business
11th Aug 2021 07:44
(Sharecast News) - Subprime lender Provident Financial reported first-half adjusted ongoing profit before tax, excluding its consumer credit division, of £63.5m on Wednesday, rising from £4.9m a year earlier.
Read moreHigh Court approves Provident Financial compensation scheme
4th Aug 2021 15:21
(Sharecast News) - Doorstep lender Provident Financial said on Wednesday that its scheme of arrangement to compensate customers for mis-sold loans has been approved by the High Court.
Read moreFCA backs Provident Financial payout plan despite 'serious concerns'
14th Jul 2021 10:39
(Sharecast News) - The City regulator has said it will not block Provident Financial's controversial compensation plan for aggrieved doorstep lending customers, despite having "serious concerns" about the scheme.
Read moreRoyal Mail on course for FTSE 100 return
21st May 2021 10:17
(Sharecast News) - Royal Mail is on course to return to the FTSE 100 index after booming parcel deliveries prompted the company's share price to more than triple in the past year.
Read moreProvident Financial quits doorstep lending, threatening 2,100 jobs
10th May 2021 07:30
(Sharecast News) - Provident Financial said it was pulling out of doorstep lending after more than 100 years as the subprime lender plunged to a £113.5m annual loss.
Read moreProvident review of consumer credit division 'nearing completion'
4th May 2021 07:42
(Sharecast News) - Doorstep lender Provident Financial said on Tuesday that a review of its consumer credit division (CCD) is nearing completion and the outcome will be announced with its full-year results next week.
Read moreFCA probing Provident Financial consumer credit unit
15th Mar 2021 07:20
(Sharecast News) - Doorstep lender Provident Financial on Monday said the UK's financial regulator has started a probe into its consumer credit unit.
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