Provident caution hits shares
27th Jul 2010 16:13
Flat interim profits and a cautious outlook for the rest of the year sent shares in doorstep lender Provident Financial lower. Profits in the half-year to June rose to £54m from £53.1m, on sales of £1.03bn up from £992m. The increase was solely down to a much improved contribution from Vanquis Ban
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
27th Jul 2010 11:16
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1016 GMT [Dow Jones] Collins Stewart downgrades Provident Financial (PFG.LN) to sell from hold, as the share are trading
Read moreMARKET TALK: Collins Stewart Cuts Provident Financial To Sell
27th Jul 2010 11:16
1016 GMT [Dow Jones] Collins Stewart downgrades Provident Financial (PFG.LN) to sell from hold, as the share are trading above CS's 800p price target. The 1H '10 results read positively, the group is well funded and it is able to honor its commitment to pay a 25.4p interim dividend, says CS. It war
Read moreMARKET TALK: Provident Financial 1H Beats Expectations - KBC
27th Jul 2010 09:39
0839 GMT [Dow Jones] Provident Financial's (PFG.LN) GBP54 million pretax profit for the first half exceeds expectations says KBC Peel Hunt. It was helped by higher contribution from Vanquis Bank says says KBC. "While growth remains moderate we consider that management are pursuing the correct strate
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
27th Jul 2010 09:39
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0839 GMT [Dow Jones] Provident Financial's (PFG.LN) GBP54 million pretax profit for the first half exceeds expectations says
Read moreUPDATE: Provident Financial 1H Pretax Pft +1.7% On Customer Base
27th Jul 2010 07:49
(Adds detail.) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lender Provident Financial PLC (PFG.LN) said Tuesday that its first-half of 2010 pretax profit rose 1.7% on a growing customer base. Pretax profit for the six months ended June 30 rose to GBP54 millio
Read moreProvident Financial 1H Pretax Profit Up 1.7% At GBP54M
27th Jul 2010 07:23
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lender Provident Financial PLC (PFG.LN) said Tuesday that its first-half of 2010 pretax profit rose 1.7% on a growing customer base. Pretax profit for the six months ended June 30 rose to GBP54 million from GBP53.1 mill
Read moreProvident Financial 1H Pretax Profit GBP54.0M On Revenue GBP440.0M
27th Jul 2010 07:19
LONDON (Dow Jones)--Provident Financial PLC (PFG.LN), a provider of home credit in the U.K. and Ireland, said Tuesday that for the six months ended June 30, it made a pretax profit of GBP54.0 million on revenue of GBP440.0 million. MAIN FACTS: -Revenue GBP440.0 million (2009: GBP401.2 millio
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 10:32
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0932 GMT [Dow Jones] Collins Stewart upgrades Provident Financial (PFG.LN) to hold from sell, with the shares now trading
Read moreMARKET TALK: Collins Stewart Ups Provident Financial To Hold
28th Jun 2010 10:32
0932 GMT [Dow Jones] Collins Stewart upgrades Provident Financial (PFG.LN) to hold from sell, with the shares now trading only 6% above the brokerage's 800p target price. Says Provident is a well-managed business, which is fully aware of the tough market conditions facing its customers. Adds the rec
Read moreProvident Financial says 2010 on track
5th May 2010 14:24
Sub-prime lender Provident Financial said it is on track to deliver good quality growth in 2010. The year-on-year rate of new customer growth in the Consumer Credit Division has remained at around 5% during the first quarter of 2010. Receivables growth slowed, but the group said this is consistent
Read moreProvident Financial falls short
2nd Mar 2010 11:58
Sub-prime lender Provident Financial has disappointed the market with a smaller than expected 1% increase in underlying profit in 2009 and cautious outlook statement. Profit before tax and exceptional costs rose to £130.1m from £128.8m in 2008, but analysts had wanted about £134m. Pre-tax profit fe
Read moreFTSE 250 movers: Gem Diamonds sparkles
22nd Dec 2009 11:42
Gem Diamonds leads the risers after announcing subsidiary Kimberley Diamonds has entered into an agreement to sell yellow diamonds from the Ellendale mine in Western Australia to Laurelton Diamonds, which is owned by the US jeweller Tiffany. Taylor Wimpey is lifted by an upgrade from Goldman Sachs.
Read moreLondon close: Footsie stays strong
23rd Oct 2009 16:31
Footsie shrugged off a surprise fall in GDP to post good gains after rising on the back of well-received US results. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the cards. It is t
Read moreLondon afternoon: Big gains for blue chips
23rd Oct 2009 14:36
London's blue chips have roared away despite unexpectedly bad gross domestic product figures, with mining stocks leading the advance. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the
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