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- Provident Financial's caution is a winner
- Investment Column Our view: Buy Share price: 803p (+13p) Most people are familiar with the story of the tortoise and the hare. In financial services terms, the hare would be Royal Bank of Scotland, which set off into the last financial boom at...
- Research articles 2009-03-04
- London Scottish attracts interest
- Business in brief BANKING The administrators of London Scottish Bank said yesterday that they had received "numerous" expressions of interest in the stricken doorstep lender. The approaches, thought to run into double figures, comprise inquiries about all of the business as well as individual units. Ernst &...
- Research articles 2008-12-03
- You pay an insanely high rate for extra wriggle-room
- Analysis Doorstep lenders, such as Provident Financial and Cattles, have been charging extortionate interest rates on their loans for years. The Argos Easy Shop Card is just one of Provident's products, and like most of its loans, the weekly repayments are physically collected from the customer's home...
- Research articles 2008-10-28
- Credit crisis diary
- Time to cash in those Scottish bank notes? With HBOS shares continuing to head south, despite the prospect of a Lloyds TSB rescue deal, anyoneholding Bank of Scotland bank notes might want to change them sooner rather than later. A little- noticed plan for a change in the...
- Research articles 2008-10-01
- International Personal Finance grows.
- TIP UPDATE: Central Europe performs well while Mexico pulls its socks up. Jonas Crosland Many sub-prime lenders can only dream about attracting more customers and reducing bad debts while simultaneously growing the loan book. But International Personal Finance IPF - the demerged...
- Research articles 2008-03-06
- Credit crunch boosts Provident Financial.
- RESULTS: Sub-prime borrowing? Bring it on, says the UK's leading provider of such finance. Martin Li Provident Financial is flourishing as mainstream banks flee en masse from anything that looks remotely like sub-prime lending. Provident is the leading UK provider of non-standard credit,...
- Research articles 2008-03-04
- Provident gaining from credit crunch
- Provident Financial, Britain's biggest doorstep lender, said yesterday that it had funding in place until 2010 and was gaining business as the credit crunch forced mainstream banks to tighten their lending. The company said more than 350m of agreed loans from its funding banks meant it was not...
- Research articles 2007-12-18
- Sub-prime lenders well placed.
- Demand for sub-prime loans is growing as high-street banks desert the field Jonas Crosland It might not seem prudent to rate the prospects for sub-prime lenders over the next year as promising, but in the case of the UK market leaders, the facts speak...
- Research articles 2007-12-18
- Provident Financial bucks the trend.
- Provident Financial is building its customer base, maintaining credit quality, and has secure finance. Jonas Crosland Provident Financial has done well in very difficult trading conditions. Earlier this year, its decision to focus on home collected credit in the UK, having sold off its...
- Research articles 2007-12-17
- LONDON SCOTTISH BANK PLC - CEO Appointment.
- LONDON SCOTTISH BANK PLC BOARD ANNOUNCEMENT London Scottish Bank plc...
- Research articles 2007-11-23
- Provident focuses on mature UK market.
- After demerging its overseas unit, Provident Financial is now focused on its mature UK home collected credit business Anthony Lugg Sub-prime is not a term that investors want to hear at the moment, although it's conceivable that the credit crunch could work to Provident...
- Research articles 2007-09-12
- Provident plays down effect of credit crisis
- Sean FarrellFinancial Editor Provident Financial, the doorstep lender, and its former international business both shrugged off the liquidity squeeze yesterday, saying they had funding in place and could benefit from banks tightening their belts. Provident said it had agreed bank lending of 1.4bn, enough to get...
- Research articles 2007-09-12
- Provident plays down effect of credit crisis
- Sean FarrellFinancial Editor Provident Financial, the doorstep lender, and its former international business both shrugged off the liquidity squeeze yesterday, saying they had funding in place and could benefit from banks tightening their belts. Provident said it had agreed bank lending of 1.4bn, enough to get...
- Research articles 2007-09-12
- Strong start for International Personal Finance.
- Since its demerger from Provident Financial, the sub-prime lender has not looked back. Jonas Crosland International Personal Finance demerged from Provident Financial IPF as recently as July, so its first half trading performance forms part of Provident Financial's first half figures. However, the IPF...
- Research articles 2007-09-11
- Gloomy summer casts shadow over Next
- The Week Ahead By Nick Clark The wet weather has taken its toll on the high street this summer. The clothing retailer Next is expected to post slightly improved first-half profits this week, but some are preparing for a possible shock. Next's figures are...
- Research articles 2007-09-10
- Lonmin sales scare keeps lid on FTSE 100 gains
- It was third time unlucky for the FTSE 100 yesterday as it tried and failed to breach the "six-year-high" barrier once more. The top tier opened positively, and flirted with the 6,700s, only to end down 19 points to 6697.7 after a bout of profit taking. Traders...
- Research articles 2007-07-17
- Provident Financial puts GBP70m into demerger.
- It's unclear how management's plan to split the group into two will create value for shareholders Jonas Crosland Provident Financial is to put an extra GBP70m into its international division as the business is demerged to form International Personal Finance IPF. The move is...
- Research articles 2007-06-12
- Provident Financial outlines plans to spin off overseas home credit
- Provident Financial yesterday detailed plans to spin off its international home credit business and give existing shareholders a share in the business for every share they own in the parent company. "The international business will be better able to capture its growth opportunities through greater management focus...
- Research articles 2007-06-08
- Provident sells car insurance arm
- Provident Financial, the door-to-door lender, has offloaded its car insurance arm for [pound]170m ahead of its planned demerger. The move drew a downbeat reaction from analysts, who said the price was a disappointment. The unit was sold to GMAC Insurance Holdings, part of the financial services arm of US carmaker...
- Research articles 2007-05-10
- Provident to give demerger details
- Provident Financial said it will provide full details of the demerger of its international business, including capital structures, after it has sold its motor insurance arm, expected in the second quarter. Provident said it has received several offers for its non-core insurance arm that analysts value at around [pound]180m. The...
- Research articles 2007-03-08
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