Director dealings: Crook adds to Provident holding after shares drop 20pct
29th Jun 2016 14:22
(ShareCast News) - Provident Financial chief executive Peter Crook spent £0.57m on shares in the non-standard lender after they lost a fifth of their value in the fallout from the Brexit result. Crook, former UK managing director at Barclaycard who was appointed to the Provident board in 2006, snapp
Read moreWednesday broker round-up
15th Jun 2016 15:32
(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo
Read moreVanquis Bank helps Provident Financial makes good start to year
5th May 2016 08:03
(ShareCast News) - Provident Financial said it had made a good start to the year with the profit performance of all businesses in line with or above internal plans for the first quarter driven by growth in its Vanquis credit card unit. The company, which provides financial services to people with lo
Read moreProvident Financial posts rise in profit, hikes dividend
23rd Feb 2016 07:33
(ShareCast News) - Lender Provident Financial posted a rise in profit and lifted its dividend following a strong performance from Vanquis Bank. For the year to 31 December, statutory pre-tax profit was up 21.8% to £273.6m, with adjusted earnings per share up to 162.6p from 132.6p. Adjusted pre-tax
Read moreProvident Financial profit to be in line with expectations
13th Jan 2016 07:20
(ShareCast News) - Provident Financial said its profit before tax for the year will be in line with market expectations of £291m. In a trading statement released Wednesday, the lender said its group results have been bolstered by strong growth from Vanquis Bank, driven by a nearly 10% increase in cu
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreMorrisons, G4S, Meggitt set for demotion in FTSE reshuffle
30th Nov 2015 11:21
(ShareCast News) - Morrisons, G4S and Meggitt look set to lose their spots in the FTSE 100 on Wednesday, with Worldpay, Provident Financial and DCC likely to replace them. The FTSE committee will reveal the results of its quarterly index on Wednesday, with changes effective from 21 December. Aerosp
Read moreFTSE 250 movers: ICAP slumps on downgrade; Provident Financial rallies on results
16th Oct 2015 14:30
(ShareCast News) - London's FTSE 250 index was down 0.1% to 16,927.90 at 1445 BST, underperforming the broader market, which rose amid hopes of further central bank stimulus. Interdealer broker ICAP slumped after Barclays downgraded the stock to 'equalweight' from 'overweight' and cut the price targ
Read moreProvident Financial impresses with Vanquis outperformance
15th Oct 2015 14:47
(ShareCast News) - Third quarter results from Provident Financial showed the non-standard lender's UK bank continued to surpass expectations, with other businesses solid. The UK arm of Vanquis Bank, which provides 'responsible' credit card lending to people who have been turned down by standard prov
Read moreProvident Financial pre-tax profit up 34.5%, increases dividend
28th Jul 2015 08:49
(ShareCast News) - Financial services firm Provident Financial reported a rise in first half adjusted profit before tax of 34.5% and increased its interim dividend. The FSTE 250 firm's pre-tax first half profits were £126.6m, compared with £94.1m in the period last year. As a result the board boost
Read moreFriday broker round-up
8th May 2015 10:42
IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu
Read moreProvident Financial makes strong start to the year
7th May 2015 11:06
UK lender Provident Financial said on Thursday that its businesses have made a strong start to 2015. Chairman Manjit Wolstenholme said in a statement: "Collections performance in the important first quarter trading period has been strong and credit quality in all three divisions is very sound, provi
Read moreFTSE 250 movers: Petra Diamonds falls short of full-year profit expectations
26th Jan 2015 14:40
Diamond mine operator Petra Diamonds was trading lower after announcing that it may not meet analysts' expectations for full-year profits. Sales jumped by 16% in the first six months of the year to reach $214.8m. The increased sales in the period were in part thanks to the sale of two exceptional di
Read moreProvident Financial full-year profits in line with expectations
14th Jan 2015 12:11
Provident Financial on Wednesday said it expects full-year results to be in line with expectations driven by strong growth in its Vanquis Bank. The bank, which is part of the British financial services group, saw an increase of 17.7% in customers to 1.3m during the year. As a result, the group's pr
Read moreTuesday broker round-up
9th Dec 2014 09:23
Aberdeen: Cantor Fitzgerald initiates with a target price of 520p and a 'buy' recommendation. Aggreko: Jefferies reduces target price from 1810p to 1350p, downgrading to 'underperform'. Ashcourt Rowan: Cantor Fitzgerald initiates with a target price of 270p and a 'buy' recommendation. Ashmore: Can
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