Shares in sub-prime lender Provident Financial plummeted by nearly 70% yesterday after the firm's CEO announced he is quitting his role as the firm unveiled its second profit warning in three months.
The company said it expects to make losses of £80m-£120m as debt collection rates have dropped to 57% compared to a 90% figure last year. As a result, shares had fallen by 67% to trade at 590p on 22...
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