Provident Financial PLC (PFG.L)
21 Aug 2019
Aug 20 Doorstep lender Non-Standard Finance posted a massive first-half loss on Tuesday, partly due to costs related to its failed takeover attempt of larger rival Provident Financial, while a strong market demand led to a jump in adjusted earnings.
* FCA probe into unit nearly complete (Adds CEO comments from call, share move, analyst comment)
July 30 Sub-prime lender Provident Financial on Tuesday reported adjusted first-half profit in line with its own estimates, as it works on reviving its battered home credit business.
* Pay, bonuses linked to sales activity and customer outcomes
** Shares of Provident Financial down 0.37% after Jefferies cuts price target
LONDON Provident Financial's shares jumped on Wednesday after the collapse of a hostile takeover bid for the doorstep lender by rival Non-Standard Finance.
** Shares of British sub-prime lender Provident Financial jump over 9% after rival Non-Standard Finance drops hostile takeover bid
LONDON, June 5 Provident Financial's board welcomed the collapse of a hostile takeover bid for the doorstep lender by sector rival Non-Standard Finance, which sent its shares higher on Wednesday.
June 5 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
British subprime lender Non-Standard Finance PLC is dropping its hostile 1.3 billion pound ($1.65 billion) bid for rival Provident Financial PLC, NSF said on Tuesday.