Provident Financial delivers profit turnaround amid takeover battle

Provident Financial has claimed it has made “immense progress” after it revealed a big turnaround in its financial performance. The Bradford-based subprime lender is currently trying to fight off a takeover from Non-Standard Finance (NSF), which has launched a £1.3bn for the stock market-listed business. Provident Financial's adjusted pre-tax profits significantly increased, up 82% to £153.5m in 2018. It also declared a nominal dividend of 10 pence per share for 2018. Malcolm Le May, Provident's group chief executive,... For the full story register now for free or login below...
Close