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Provident Financial Group PLC

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  • Thursday, 31 March, 2022
    Provident Financial returns to profit despite closure of consumer credit unit

    Subprime lender’s pre-tax profits hit £4.1mn after shutting down high-risk, short-term business last year

  • Wednesday, 14 July, 2021
    Bryce Elder
    An FCA surrender to Provident puts subprime regulation in the dock

    By chasing after mis-selling claims financial regulators have chosen the wrong strategy for how to tackle high-cost credit

  • Wednesday, 14 July, 2021
    UK regulator will not block Provident’s payout plan for customers

    FCA’s decision not to go to court contrasts with its treatment of subprime lender Amigo

  • Saturday, 29 May, 2021
    News in-depthFinancial services
    Subprime lenders battle for survival as regulator takes harder line

    FCA intervention at Amigo Loans indicates shift in tone and attitude, say executives

  • Tuesday, 25 May, 2021
    Helen Thomas
    Crackdown on high-cost credit leaves gap that must be filled

    The problems at Provident and Amigo underline need to scale up affordable alternatives

  • Monday, 10 May, 2021
    Lex
    Provident Financial: closing the door on home credit will cap losses Premium content

    Fading regulatory concerns simply serve to highlight looming economic ones

  • Monday, 10 May, 2021
    Provident Financial calls time on doorstep lending business

    Lender’s recovery hampered by rise in customer complaints

  • Sunday, 2 May, 2021
    Provident to close UK’s oldest doorstep lending business

    Lossmaking division has been hit by high levels of complaints from claims management companies

  • Monday, 15 March, 2021
    Helen Thomas
    Provident’s scheme spells the end of the local doorstep lender

    Subprime group tries to cap liabilities as regulatory tide turns against model

  • Monday, 15 March, 2021
    Provident Financial faces FCA investigation into customer complaints

    Shares fall more than a quarter after subprime lender says it may have to close one of its businesses

  • Wednesday, 26 August, 2020
    LombardMatthew Vincent
    New Look hopes new rent proposals will be in fashion

    Retailer pushes for sales-linked leases; Provident Financial could reap benefits of cashless shift

  • Wednesday, 26 August, 2020
    UK’s biggest subprime lender reports smaller loss than feared

    Provident Financial hopes to benefit from a rise in customer numbers as people struggle to access bank loans

  • Friday, 14 June, 2019
    Investments
    NMC’s chief buys in after joint venture

    Group signs agreement with Saudi pension fund

  • Wednesday, 5 June, 2019
    LexNeil Woodford
    Woodford/Provident: bully off Premium content

    Provvy turnround should succeed if regulators do not squash it as vigorously as NSF bid

  • Tuesday, 4 June, 2019
    Non-Standard Finance PLC
    Non-Standard Finance drops plan to acquire Provident Financial

    NSF struggled to secure support beyond that of three key Provident shareholders

  • Wednesday, 29 May, 2019
    Financial services
    UK regulator opens inquiry into NSF’s bid to buy Provident

    Competition watchdog sets late July deadline to decide on whether to launch in-depth probe

  • Tuesday, 28 May, 2019
    LombardKate Burgess
    Aviva’s new broom shows enthusiasm for the good old days

    Maurice Tulloch is expected to push for separating life assurance and general insurance once again

  • Monday, 20 May, 2019
    LexMergers & Acquisitions
    M&A tactics/Provident: not the way to do it Premium content

    NSF’s hostile takeover will probably succeed because it is more desperate than its enemies

  • Thursday, 16 May, 2019
    LombardMatthew Vincent
    Thomas Cook’s £1bn writedown shows airline sale is no rest cure

    Departure of flight business will not alleviate investors’ discomfort

  • Wednesday, 15 May, 2019
    Non-Standard Finance pushes ahead with hostile bid for Provident

    Subprime lender has enough backing to proceed after lowering level of shareholder acceptances needed

  • Wednesday, 8 May, 2019
    LexFinancial services
    NSF/Provident: not such a capital idea Premium content

    Subprime lender’s assessment that a deal lacks prudence looks to be correct

  • Tuesday, 7 May, 2019
    Schroders backs Provident Financial in hostile takeover battle

    Fourth-largest shareholder accuses other investors of trying to unfairly force through deal

  • Tuesday, 7 May, 2019
    LombardMatthew Vincent
    GardaWorld’s £3bn bid for G4S looks a lot like a phoney war

    Pub talk spurs ‘additional expressions of interest’ for UK group’s Cash Solutions business

  • Wednesday, 1 May, 2019
    Provident lashes out at hostile bidder Non-Standard Finance

    Lender accuses rival of lacking competence as takeover attempt rumbles on

  • Monday, 29 April, 2019
    LombardMatthew Vincent
    Deloitte and KPMG show accountants club rules are inconsistent

    Decisions on Ferrexpo and Pat Val suggest Big Four do not behave as one

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