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Non-Standard Finance to float on London stock market

Reuters - UK Focus

LONDON, Feb 5 (Reuters) - Holding company Non-Standard Finance said it would seek to raise around 100 million pounds ($152 million) on the London stock market in order to begin acquiring and operating financial services companies focused on the UK's non-standard customers.

The group, founded by former Provident Financial (Other OTC: FPLPY - news) chairman John van Kuffeler, has already received a cornerstone investment of 48 million pounds from investors including Woodford Investment Management.

($1 = 0.6582 British Pounds) (Reporting by Freya Berry; Editing by David Holmes)