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Provident Financial Shares News & Articles

Market report: Trade deal occupies investor minds while Quiz adds to retail gloom

UK stock markets stayed virtually flat at the start of a relatively quiet Wednesday with investors having relatively thin corporate news to provide direction and eyes firmly being fixed on the imminent signing of an initial US-China trade deal. US Treasury Secretary Steven Mnuchin said tariffs on Chinese goods would not be repealed until the completion of a Phase 2 agreement, planting some ...

Market report: Tesco gains on Asian interest while Tullow crashes on lowered guidance

UK stocks trod water at the opening following gains overnight in Asia and in Friday’s trading in New York. After finishing up more than 100 points or 1.4% on Friday, the FTSE 100 index of leading stocks slipped 0.1% to 7,230. The week ahead sees the UK hold its third election in four years as well as interest rate decisions from the European Central Bank (ECB) and the US Federal Reserve ...

Market report: Galliford rejects Bovis advances, Amigo and Kainos rally on results

It’s a fairly slow start for UK stock markets following the bank holiday weekend with attention very much focused on where European elections leave UK investors. The FTSE 100 opens the trading week up 19 point (about 0.2%) up at 7,296.73 while the midcap FTSE 250 makes modest single digit declines to around 19,118 in the wake of gains made across European markets on Monday and positive Asian ...

Market report: Takeovers enliven Friday trade as Provident and Dairy Crest accept bids, Metro Bank wins £120m competition cash

Investors have a couple of interesting takeovers to concentrate on in early trade on Friday as lender Provident Financial (PFG) and Cathedral City cheese maker Dairy Crest (DCG) recommend bids to shareholders. Provident, the £1.3bn business behind Vanquis credit cards, accepts a £1.3bn offer tabled subprime lending peer Non-Standard Finance (NSF). Interestingly, NSF was founded in 2014 by ...

Shares in GoCompare and Moneysupermarket hit by Amazon insurance comparison site threat

Reports that Amazon could enter the insurance price comparison market have spooked investors in three UK-listed companies active in this space. Shares in GoCompare (GOCO), Moneysupermarket (MONY) and Confused.com owner Admiral (ADM) fell hard at the UK market open in response, although their losses have since been pared back. GoCompare initially slumped by nearly 10% but the losses have ...

Market report: First BP divi increase in four years, British Gas-owner Centrica still losing customers

Oil giant BP (BP.) beat second quarter profit expectations after it unveiled $2.82bn compared to forecasts of $2.6bn. That’s four times the amount it reached last year, boosted by higher oil prices. Investors like the encouraging figures, bidding shares in the group marginally higher in early trade on Tuesday, the stock up 0.7p to 566.2p. More good news for shareholders comes on the income ...

Amigo’s IPO success implies investors haven’t lost interest in sub-prime lending

Lending to sub-prime candidates is big business but comes with equally big risks. High-profile problems with doorstep lender Provident Financial (PFG) may have reduced investors’ appetite for the sector, yet the stock market flotation of another loans business, Amigo (AMGO), is good reason to reappraise this space. Amigo has pioneered a new business model which keeps the interest charged within ...
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