Vanquis Banking pushes back ROTE targets again, shares tumble
30th Jul 2026 14:39
(Sharecast News) - Vanquis Banking Group - formerly Provident Financial - tumbled on Thursday after it pushed back its targets for return on tangible equity again.
Read moreVanquis accepts FCA's motor finance redress scheme
27th Apr 2026 10:44
(Sharecast News) - Vanquis Banking Group confirmed on Monday it would not launch legal action against the financial watchdog's motor finance redress scheme.
Read moreShore Capital sees re-rating at Vanquis Banking if targets are met
2nd Mar 2026 12:05
(Sharecast News) - Shore Capital has placed a 'buy' rating on Vanquis Banking Group, saying it now sees 25% upside to its 150p target price after a period with the stock under review.
Read moreBroker tips: Centrica, Vanquis Banking, Oxford Nanopore
2nd Mar 2026 07:07
(Sharecast News) - Jefferies downgraded Centrica on Monday to 'hold' from 'buy' as it pointed to a more balanced risk-reward on the stock at current trading.
Read moreVanquis trades lower after update highlights fragile backdrop despite return to profit
26th Feb 2026 10:09
(Sharecast News) - Subprime lender Vanquis Banking pointed to a still‑fragile market backdrop on Thursday, with its turnaround reliant on tighter cost control, improved credit performance and better customer behaviour rather than top‑line momentum.
Read moreVanquis posts Q3 profit as credit card growth offsets margin pressure
5th Nov 2025 08:41
(Sharecast News) - Sub-prime lender Vanquis said on Wednesday that both gross customer interest earning balances and net receivables had grown in the three months ended 30 September.
Read moreVanquis returns to profitability in H1, recovery remains on track
7th Aug 2025 08:54
(Sharecast News) - Sub-prime lender Vanquis said on Thursday that its recovery remained firmly on track, with improved credit quality, lower complaint costs, and disciplined cost control all helping it return to profitability.
Read moreVanquis swings back to black, shares spark
14th May 2025 11:43
(Sharecast News) - Shares in Vanquis Banking Group jumped on Wednesday, after the lender swung back into profit.
Read moreVanquis Banking remains on track for low single digit RoTE in 2025
14th Mar 2025 07:36
(Sharecast News) - Vanquis Banking incurred in a raft of impairment charges in a year that management dubbed as "pivotal" for its turnaround.
Read moreVanquis Banking reiterates FY financial guidance
7th Nov 2024 12:07
(Sharecast News) - Sub-prime lender Vanquis Banking Group reiterated its full-year financial guidance on Thursday as it said turnaround efforts were "progressing".
Read moreVanquis Banking H1 losses widen amid transformation efforts
1st Aug 2024 09:34
(Sharecast News) - Sub-prime lender Vanquis Banking said on Thursday that interim losses had widened even as it made "good progress" on its transformation efforts.
Read moreLondon close: Stocks finish mixed on China demand concerns
16th Jul 2024 15:35
(Sharecast News) - London stocks finished with a mixed performance on Tuesday as investors weighed global political and economic risks, with the likes of Rio Tinto and Burberry remaining below the waterline.
Read moreVanquis Banking to miss FY ROTE target
16th Jul 2024 07:55
(Sharecast News) - Vanquis Banking Group warned on Tuesday that it does not expect to meet its FY24 guidance of low single digit return on tangible equity due to additional write-downs.
Read moreInterest earnings balances slip at Vanquis
15th May 2024 10:24
(Sharecast News) - Vanquis Banking Group reported gross customer interest earning balances of £2.23bn at the end of its first quarter on Wednesday, reflecting a slight decline from the £2.35bn it reported as at 31 December.
Read moreVanquis returns to profitability in second half
27th Mar 2024 10:06
(Sharecast News) - Vanquis Banking Group reported a significant second-half turnaround on Wednesday, as after recording a loss in the first half, its new management team implemented swift changes, resulting in an adjusted profit before tax of £30.4m in the second six months of 2023.
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