Canaccord downgrades Provident Financial to 'sell' after abandoned NSF bid
12th Jun 2019 09:58
(Sharecast News) - Analysts at Canaccord Genuity downgraded shares of Provident Financial from 'hold' to 'sell' on Wednesday, citing downside risks to the British sub-prime lender's earnings per share and dividend payouts.
Read moreNon-Standard Finance abandons plans to buy Provident Financial
5th Jun 2019 07:45
(Sharecast News) - Non-Standard Finance has abandoned its hostile £1.3bn offer for larger rival Provident Financial.
Read moreNeil Woodford suspends flagship fund after surge in redemptions
4th Jun 2019 09:18
(Sharecast News) - Neil Woodford, one of the UK's most well-established stock pickers, has suspended trading in his largest fund, including halting all redemptions.
Read moreCMA launches investigation into NSF-Provident Financial deal
29th May 2019 09:05
(Sharecast News) - The Competition and Markets Authority has launched an investigation into whether Non-Standard Finance's proposed £1.3bn takeover of larger doorstep lender Provident Financial would lessen competition for consumers.
Read moreM&G Investments to reject NSF's hostile bid for Provident Financial
28th May 2019 08:30
(Sharecast News) - M&G Investments will reject Non-Standard Finance's £1.3bn hostile takeover bid for larger rival Provident Financial.
Read moreNon-Standard Finance loan book 'strong', still engaging with Provident shareholders
21st May 2019 08:54
(Sharecast News) - Doorstep lender Non-Standard Finance said on Tuesday that it is continuing to engage with shareholders of larger rival Provident Financial, as it reported "strong" growth in its loan book since the start of the year.
Read moreProvident shareholders urged to reject 'significantly flawed' NSF takeover
20th May 2019 08:00
(Sharecast News) - Sub-prime lender Provident Financial's third-largest shareholder urged investors to take no action in relation to Non-Standard Finance's £1.3bn hostile takeover bid on Monday.
Read moreFTSE 250 movers: Provident Financial falls, Indivior surges
15th May 2019 14:50
(Sharecast News) - London's FTSE 250 was down 0.26% at 19,317.71 in afternoon trade on Wednesday, with Provident Financial leading the way lower ahead of the release of its first quarter trading update next week.
Read moreSunday newspaper round-up: Metro Bank, BT Group, NHS
12th May 2019 16:39
(Sharecast News) - Metro Bank has been forced to reassure customers their money is safe, acting quickly to quash what it described as false rumours on social media about its financial health. It said plans to raise £350m from investors to shore up its finances were "well advanced".- The Guardian
Read moreProvident continues to condemn NSF offer amid lack of shareholder acceptance
10th May 2019 08:26
(Sharecast News) - Provident updated the market once again on the contentious unsolicited officer for its shares from Non-Standard Finance on Friday, reporting that 96% of shares held by independent shareholders had not been assented to the offer.
Read moreProvident Financial shareholder Schroder's rejects NSF bid
8th May 2019 08:04
(Sharecast News) - Subprime lender Provident Financial's major shareholder Schroders rejected a hostile takeover bid for the firm from Non-Standard Finance.
Read moreProvident Financial clarifies performance targets
7th May 2019 08:18
(Sharecast News) - Provident Financial has advised investors that its recently announced performance targets should not be used to forecast profit as the company continued to resist a hostile takeover.
Read moreProvident Financial customer numbers increase as hostile takeover fight continues
3rd May 2019 08:26
(Sharecast News) - Subprime lender Provident Financial saw customer numbers grow in the first three months of its trading year, with a "stable" increase to impairments over at its Vanquis unit.
Read moreProvident Financial hits out at NSF again over unanswered questions
1st May 2019 09:14
(Sharecast News) - Provident Financial hit out at Non-Standard Finance again on Wednesday, accusing the smaller rival of failing to respond to key questions about its £1.3bn hostile offer for the FTSE 250 doorstep lender.
Read moreNSF extends Provident Financial offer deadline, urges shareholders to accept
29th Apr 2019 09:19
(Sharecast News) - Non-Standard Finance has extended the deadline for its £1.3bn hostile takeover offer for larger rival Provident Financial by a week to 15 May and urged the company's shareholders to accept it.
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