|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||12.62 - 12.62|
|52-week range||7.30 - 40.99|
|PE ratio (TTM)||6.96|
|Forward Dividend & Yield||1.08 (8.97%)|
|1y target est||1,312.68|
Provident's shares jumped 18.5 percent on Friday after it said it would move from two UK home credit divisions to four units, employing more regional managers and at least 300 part-time staff who used to work as self-employed agents. Provident has run into trouble after trying to reorganise its door-to-door lending business by ending its model of using self-employed agents as debt collectors and replacing them with directly employed staff. The company, which gives loans to people who do not meet lending criteria of mainstream banks, has been unable to recruit 2,500 employees to replace its 5,000 agents, leading to uncollected debt, a sales slump and the departure of its chief executive.
Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - British subprime lender Provident Financial Plc set out a recovery plan for its home credit business, which is set to post a 2017 loss of up to 120 million pounds ($159 million) as it grapples with a staff shortage. Provident's shares jumped 18.5 percent on Friday after it said it would move from two UK home credit divisions to four units, employing more regional managers and at least 300 part-time staff who used to work as self-employed agents. Provident has run into trouble after trying to reorganise its door-to-door lending business by ending its model of using self-employed agents as debt collectors and replacing them with directly employed staff.
LONDON, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - Britain's major share index retreated on Friday, weighed down by engineering group GKN after a profit warning, while Provident Financial soared after the embattled sub-prime lender gave an encouraging trading update. The FTSE 100 was down 0.5 percent by 0825 GMT, fresh from the record close it managed in the previous session on the back of a dip in sterling caused by a stalemate in Brexit talks.
British shares ended the session slightly down on Wednesday after results from paper and packaging firm Mondi disappointed and sub-prime lender Provident Financial sank after a downgrade from Barclays. ...
** British subprime lender Provident Financial down c8 pct after Barclays downgrades to "underweight" ahead of Q3 update on Oct 13 ** Barclays cautious on the shares given its lack of confidence ...
Cabot Credit Management's planned 1 billion pound ($1.3 billion) initial public offering has been delayed by the resignation from its board of the former boss of Provident Financial (Other OTC: FPLPF - news) . A filing by Cabot, which is Britain's biggest debt collection firm and counts private equity group JC Flowers as a shareholder, shows former Provident Financial chief executive Peter Crook stepped down as a director on Sept. 8. Cabot, which is controlled by U.S. debt recovery business Encore Capital Group, had planned to announce its intention to float in London this week but Crook's departure has delayed the process, a source close to the matter said.
Britain's top share index rose on Thursday, extending gains from the previous session as support from commodities-related stocks and financials helped the blue-chip index score its second consecutive monthly ...
Provident Financial plc (LON:PFG) is heading out of the FTSE 100 (INDEXFTSE:UKX) and NMC Health plc (LON:NMC) is in line for promotion from the FTSE 250 (INDEXFTSE:MCX).
Provident Financial plc (LON: PFG) has stopped crashing to earth but its recent recovery also holds dangers, says Harvey Jones.
Royston Wild looks at a FTSE 100 (INDEXFTSE: UKX) stock with better investment appeal than Provident Financial plc (LON: PFC).
Troubled doorstep lender Provident Financial (Other OTC: FPLPF - news) looks set to fall out of the FTSE 100 Index after its share value collapsed following a profit alert. A final decision will be made after the market closes next Wednesday and, save for a major recovery before then, this will see Provident slip out of the FTSE 100 on 15 September. Shares (Berlin: DI6.BE - news) fell by 66% on Tuesday when Provident alerted investors to a sharp downgrade in annual earnings after a "rapid deterioration" in its consumer credit business.
Shares (Berlin: DI6.BE - news) in troubled doorstep lender Provident Financial (Other OTC: FPLPF - news) have bounced back after it said it had replaced the boss of its beleaguered home credit business. The rise came after the group announced the immediate departure of Andy Parkinson, managing director of the home credit division, to be replaced with Chris Gillespie, who previously held a similar role at the business. Provident had fallen by as much as 75% on Tuesday when it alerted investors to a sharp downgrade in annual earnings after a "rapid deterioration" in its consumer credit business.
** Provident Financial +14% & easily top riser on Stoxx 600 in volume ** Subprime lender replaces managing director of its beleaguered home credit unit, which has been hurt by changes in its business model, ...
Britain's top share index rose on Thursday as shares in Provident Financial and WPP rallied, but a profit warning sent Dixons Carphone tumbling. The blue-chip FTSE 100 index closed up 0.3 percent at 7,407.06 ...
Neil Woodford's long-term returns make up for Provident Financial plc's (LON: PFG) problems.
A sharp fall for advertiser WPP was offset on the British market on Wednesday by gains in mining shares, which extended a strong run, and a buoyant health sector. The FTSE 100 ended flat at 7,382.65 points. ...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** JPMorgan cuts Provident Financial to "neutral" as after announcing further disruption to Home Credit, ...
A flurry of results for heavyweight mining stocks and a plunge in Provident Financial shares injected some energy into European shares on Tuesday, with the region's benchmark indexes ending a three-day ...
A fall of more than 60 percent by subprime lender Provident Financial following another profit warning dominated London trading on Tuesday, although the broader market was supported by stronger commodities ...
Shares (Berlin: DI6.BE - news) in doorstep lender Provident Financial (Other OTC: FPLPF - news) have collapsed by 75% after it warned of a "rapid deterioration" in its consumer credit business and cancelled its dividend. Chief (Taiwan OTC: 3345.TWO - news) executive Peter Crook has stepped down with immediate effect as the group alerted investors to a downgrade of up to £180m in expected annual earnings. It was the latest profit warning from Provident over the impact of a restructuring plan - following an earlier alert in June.
Provident Financial (Other OTC: FPLPF - news) had almost 2 billion pounds ($2.6 billion) wiped off its market value after its second profit warning in quick succession prompted the departure of CEO Peter Crook and suspension of its dividend. The British sub-prime lender's earnings have been hit by unresolved problems at its door-to-door lending business, with the group's woes compounded by its additional disclosure on Tuesday that it has halted sales of one of its products pending an investigation by Britain's financial watchdog.
British subprime lender Provident Financial (Other OTC: FPLPF - news) reported a 22.6 percent drop in first-half pretax profit, hit by continued problems with its drive to switch from using self-employed agents to directly employed ones. The company, which provides credit to people who do not meet the loan criteria of mainstream banks, billed the reorganisation as a way to create a more efficient and effective home credit business. Chief Executive Peter Crook told Reuters on Tuesday he was confident of working through the shortage, and added the business had not seen any change at all in the underlying demand, usage or repayment of credit.
British subprime lender Provident Financial Plc (Other OTC: FPLPF - news) reported a 22.6 percent drop in first-half pretax profit as it continued to be hit by a reduction in the number of debt collection agents at its home credit division. The company, which provides credit to people who do not meet the lending criteria of mainstream banks, said pretax profit fell to 115.3 million pounds ($150.33 million)in the six months ended on June 30. "Whilst I remain disappointed by the higher than expected operational disruption to trading in the home credit business, the new business model was deployed as planned during the first week in July," said Provident Financial Chief Executive Peter Crook.