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...
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
290,000 already affected
Putting the tech into protection
Square Mile’s series of informal interviews