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Provident Financial PLC (PFG.L)

PFG.L on London Stock Exchange

656.60GBp
23 Feb 2018
Change (% chg)

-0.40 (-0.06%)
Prev Close
657.00
Open
658.80
Day's High
676.00
Day's Low
653.80
Volume
628,153
Avg. Vol
1,316,276
52-wk High
3,284.00
52-wk Low
426.60

Latest Key Developments (Source: Significant Developments)

Provident Financial Says David Sear Resigned From Board
Friday, 26 Jan 2018 

Jan 26 (Reuters) - Provident Financial Plc ::DAVID SEAR HAS DECIDED TO STEP DOWN FROM BOARD AS FROM TODAY'S DATE​.  Full Article

Provident Financial Sees CCD FY Pre-Exceptional Loss Of About 120 Mln Pounds
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Provident Financial Plc ::CCD IS EXPECTED TO REPORT A FY PRE-EXCEPTIONAL LOSS OF C.£120M WHICH IS AT UPPER END OF GUIDANCE PROVIDED IN AUGUST 2017 .TRADING STATEMENT.VANQUIS BANK AND MONEYBARN HAVE BOTH TRADED SATISFACTORILY THROUGH FINAL QUARTER OF YEAR.VANQUIS BANK AND MONEYBARN HAVE BOTH COMMENCED DIALOGUE WITH FINANCIAL CONDUCT AUTHORITY (FCA).HOME CREDIT BUSINESS IS ANNOUNCING A PROPOSED RATIONALISATION OF ITS CENTRAL SUPPORT FUNCTIONS WHICH IS SUBJECT TO WORKFORCE CONSULTATION.  Full Article

Non-Standard Finance Net Loan Book, Customer Numbers Helped By New Agents Added
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Non-Standard Finance Plc ::NON-STANDARD FINANCE PLC - AT 31 DECEMBER 2017 NET LOAN BOOK HAD REACHED £148.5M (2016: £122.4M), AN INCREASE OF 21% VERSUS PRIOR YEAR.NON-STANDARD FINANCE PLC - REMAIN ON COURSE TO OPEN A FURTHER 12 NEW LOCATIONS DURING FIRST HALF OF 2018, INCREASING OUR NETWORK TO 65 BRANCHES.NON-STANDARD FINANCE PLC - AT LOANS AT HOME, VALUE OF OUR NET LOAN BOOK AT 31 DECEMBER 2017 WAS UP BY 53% TO £51.2M (2016: £33.4M).NON-STANDARD FINANCE PLC -NET LOAN BOOK DRIVEN IN LARGE PART BY ADDITION OF 442 NEW AGENTS THAT JOINED NETWORK DURING YEAR.NON-STANDARD FINANCE PLC - ALSO HELPED TO DRIVE CUSTOMER NUMBERS THAT REACHED 104,100 AT 31 DECEMBER 2017 (2016: 93,600).  Full Article

Provident Financial Informed UK's FCA Starts Probe Into Moneybarn
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Provident Financial Plc ::HAS BEEN INFORMED THAT FINANCIAL CONDUCT AUTHORITY (FCA) HAS COMMENCED AN INVESTIGATION INTO MONEYBARN.INVESTIGATION IN RELATION TO PROCESSES APPLIED TO AFFORDABILITY ASSESSMENTS FOR VEHICLE FINANCE AND TREATMENT IN FINANCIAL DIFFICULTIES.AIMS TO ACT RESPONSIBLY IN ALL ITS RELATIONSHIPS, AND TO PLAY A POSITIVE ROLE IN COMMUNITIES IT SERVES.FCA HAS CONTINUED TO DISCUSS CERTAIN PROCESSES WITH MONEYBARN AND MONEYBARN HAS MADE A NUMBER OF PROCESS IMPROVEMENTS.  Full Article

Provident Financial Says Exec Chairman To Lead Process To Appoint CEO
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Provident Financial Plc ::PROVIDENT FINANCIAL PLC - ‍STUART SINCLAIR ASSUMES ROLE OF SENIOR INDEPENDENT DIRECTOR WITH IMMEDIATE EFFECT​.PROVIDENT FINANCIAL PLC - ‍ANDREA BLANCE WILL BECOME CHAIRMAN OF REMUNERATION COMMITTEE REPLACING MALCOLM, WHO STEPS DOWN WITH IMMEDIATE EFFECT​.PROVIDENT FINANCIAL PLC - ‍AS PREVIOUSLY ANNOUNCED, MALCOLM LE MAY HAS BEEN APPOINTED AS INTERIM EXECUTIVE CHAIRMAN​.PROVIDENT FINANCIAL PLC - ‍MALCOLM LE MAY WILL LEAD ONGOING PROCESS TO APPOINT A NEW CHIEF EXECUTIVE OF COMPANY.​.  Full Article

Provident Financial Plc announces death of executive chairman
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Provident Financial Plc :SAYS THAT EXECUTIVE CHAIRMAN MANJIT WOLSTENHOLME HAS PASSED AWAY SUDDENLY ON NOV 23, 2017​.‍HAS APPOINTED MALCOLM LE MAY, CURRENTLY SENIOR INDEPENDENT DIRECTOR OF COMPANY, AS INTERIM EXECUTIVE CHAIRMAN​.  Full Article

Provident Financial names first chief risk officer-source
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Provident Financial Plc ::PROVIDENT FINANCIAL APPOINTS NORTHERN ROCK 'RESCUE EXECUTIVE' RICK HUNKIN AS ITS FIRST CHIEF RISK OFFICER- SOURCE.  Full Article

Deutsche Bank cuts stake in Provident Financial to 6.73 pct - filing‍​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Filing: Provident Financial : :DEUTSCHE BANK AG CUTS STAKE IN PROVIDENT FINANCIAL TO 6.73 PERCENT FROM 8.05 PERCENT EARLIER - FILING‍​.  Full Article

Provident financial ‍confirms FY dividend will not be paid
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Provident Financial Plc ::HOME CREDIT BUSINESS RECOVERY PLAN HAS BEEN DEVELOPED UNDER NEW LEADERSHIP TO RE-ESTABLISH RELATIONSHIPS WITH CUSTOMERS​.‍CONFIRMS THAT A FULL-YEAR DIVIDEND WILL NOT BE PAID​.SEARCH FOR A NEW CHIEF EXECUTIVE IS UNDERWAY​.PROGRESS CONSISTENT WITH GUIDANCE PROVIDED OF PRE-EXCEPTIONAL FY LOSS FOR CONSUMER CREDIT DIVISION IN RANGE OF BETWEEN £80M-£120M.‍HOME CREDIT BUSINESS, WHICH CURRENTLY HAS C.500,000 ACTIVE FIELD CUSTOMERS, IMPLEMENTED A NEW OPERATING MODEL ON 6 JULY 2017​.VANQUIS BANK CONTINUES TO WORK WITH FINANCIAL CONDUCT AUTHORITY (FCA) IN RELATION TO INVESTIGATION INTO REPAYMENT OPTION PLAN​.‍NEW MODEL INVOLVED EMPLOYING 2,500 FULL-TIME CUSTOMER EXPERIENCE MANAGERS (CEMS) IN PLACE OF 4,500 SELF-EMPLOYED AGENTS​.IN VANQUIS, ‍NEW ACCOUNT BOOKINGS THROUGH Q3 WERE 5% HIGHER THAN LAST YEAR​.‍COLLECTIONS PERFORMANCE IN CCD IN SEPTEMBER WAS 65%, UP FROM 57% IN AUGUST.‍IN VANQUIS, YEAR-ON-YEAR CUSTOMER GROWTH OF 13% AND RECEIVABLES GROWTH OF 14% IN THREE MONTHS TO OCT 12​.SALES IN CCD IN SEPT WERE APPROXIMATELY £6M PER WEEK LOWER THAN PRIOR YEAR COMPARED WITH £9M DURING AUGUST​.MONEYBARN ‍CUSTOMER NUMBERS, RECEIVABLES ENDED SEPT AT 49,000 (SEPT 2016: 39,000) AND £362M (SEPT 2016: £286M) RESPECTIVELY​.  Full Article

UK's ‍Information Commissioner's Office​ fines Provident Financial's Vanquis Bank
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - UK'S ‍INFORMATION COMMISSIONER'S OFFICE​::UK'S ‍INFORMATION COMMISSIONER'S OFFICE​ - ‍BRADFORD-BASED BANK AND LONDON ADVERTISING FIRM FINED OVER ILLEGAL MARKETING​.ICO- ‍VANQUIS BANK INSTIGATED A CAMPAIGN TO SEND 870,849 SPAM TEXT MESSAGES AND 620,000 SPAM EMAILS TO PROMOTE ITS CREDIT CARDS​.UK'S ICO - ‍VANQUIS BANK HAS NOW BEEN FINED £75,000 BY ICO​.  Full Article

REFILE-BRIEF-‍Stuart Sinclair appointed interim chairman of Provident Financial ​

* LLOYDS BANKING GROUP PLC - ‍STUART SINCLAIR, AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF LLOYDS, WILL BE APPOINTED INTERIM CHAIRMAN OF PROVIDENT FINANCIAL (NOT LLOYDS)​