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United States

Provident Financial PLC (PFG.L)

PFG.L on London Stock Exchange

656.60GBp
23 Feb 2018
Change (% chg)

-0.40 (-0.06%)
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657.00
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Latest Key Developments (Source: Significant Developments)

BRIEF-‍Stuart Sinclair appointed interim chairman of Provident Financial ​
Friday, 2 Feb 2018 09:12am EST 

Removes typo in headline, clarifies Sinclair appointed to Provident not Lloyds:LLOYDS BANKING GROUP PLC - ‍STUART SINCLAIR, AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF LLOYDS, WILL BE APPOINTED INTERIM CHAIRMAN OF PROVIDENT FINANCIAL (NOT LLOYDS)​.LLOYDS BANKING GROUP PLC - ‍ SINCLAIR WILL STEP DOWN FROM HIS POSITION AS SENIOR INDEPENDENT DIRECTOR OF PROVIDENT FINANCIAL PLC WITH IMMEDIATE EFFECT​.  Full Article

Lloyds Banking Group Says ‍Stuart Sinclair Will Be Appointed Interim Chairman​
Friday, 2 Feb 2018 09:00am EST 

Feb 2 (Reuters) - Lloyds Banking Group Plc ::‍STUART SINCLAIR, AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY, WILL BE APPOINTED INTERIM CHAIRMAN​.SINCLAIR WILL STEP DOWN FROM HIS POSITION AS SENIOR INDEPENDENT DIRECTOR OF PROVIDENT FINANCIAL PLC WITH IMMEDIATE EFFECT​.  Full Article

Provident Financial Appoints Malcolm Le May As Group CEO
Friday, 2 Feb 2018 02:00am EST 

Feb 2 (Reuters) - Provident Financial Plc ::DIRECTORATE CHANGE.APPOINTS MALCOLM LE MAY AS GROUP CHIEF EXECUTIVE OFFICER.ANNOUNCES APPOINTMENT OF MALCOLM LE MAY AS GROUP CHIEF EXECUTIVE OFFICER, WITH IMMEDIATE EFFECT.THIS FOLLOWS A BOARD PROCESS LED BY STUART SINCLAIR OVER RECENT.BELIEVES THAT MALCOLM LE MAY IS AN OUTSTANDING CANDIDATE FOR ROLE, GIVEN HIS EXISTING KNOWLEDGE OF GROUP.HOME CREDIT CONTINUES TO MAKE GOOD OPERATIONAL PROGRESS.AND DISCUSSIONS CONTINUE WITH FCA IN RELATION TO VANQUIS BANK AND MONEYBARN INVESTIGATIONS.CHRIS SWEENEY, MD VANQUIS BANK, WILL CONTINUE TO FOCUS ON LEADERSHIP OF VANQUIS BANK AND SUCCESSFUL RESOLUTION OF ROP.BOARD INTENDS TO APPOINT SWEENY AS DEPUTY GROUP CHIEF EXECUTIVE OFFICER IN ADDITION TO HIS VANQUIS BANK ROLE.ANNOUNCES PERMANENT APPOINTMENT OF CHRIS GILLESPIE, MD CONSUMER CREDIT DIVISION.APPOINTMENT OF STEVE GRIGG, AS INTERIM GROUP CHIEF INFORMATION & TECHNOLOGY OFFICER, TO DEFINE GROUP'S LONG-TERM IT ARCHITECTURE.HAS INSTIGATED A PROCESS TO APPOINT A NEW EXTERNAL CHAIRMAN AS WELL AS TWO ADDITIONAL NON-EXECUTIVE DIRECTORS AS SOON AS PRACTICABLE.APPOINTMENT OF STUART SINCLAIR AS INTERIM CHAIRMAN, WITH STUART MOVING TO THIS ROLE FROM THAT OF SENIOR INDEPENDENT DIRECTOR.  Full Article

Provident Financial Sees CCD FY Pre-Exceptional Loss Of About 120 Mln Pounds
Tuesday, 16 Jan 2018 02:00am EST 

Jan 16 (Reuters) - Provident Financial Plc ::CCD IS EXPECTED TO REPORT A FY PRE-EXCEPTIONAL LOSS OF C.£120M WHICH IS AT UPPER END OF GUIDANCE PROVIDED IN AUGUST 2017 .TRADING STATEMENT.VANQUIS BANK AND MONEYBARN HAVE BOTH TRADED SATISFACTORILY THROUGH FINAL QUARTER OF YEAR.VANQUIS BANK AND MONEYBARN HAVE BOTH COMMENCED DIALOGUE WITH FINANCIAL CONDUCT AUTHORITY (FCA).HOME CREDIT BUSINESS IS ANNOUNCING A PROPOSED RATIONALISATION OF ITS CENTRAL SUPPORT FUNCTIONS WHICH IS SUBJECT TO WORKFORCE CONSULTATION.  Full Article

Non-Standard Finance Net Loan Book, Customer Numbers Helped By New Agents Added
Monday, 15 Jan 2018 02:00am EST 

Jan 15 (Reuters) - Non-Standard Finance Plc ::NON-STANDARD FINANCE PLC - AT 31 DECEMBER 2017 NET LOAN BOOK HAD REACHED £148.5M (2016: £122.4M), AN INCREASE OF 21% VERSUS PRIOR YEAR.NON-STANDARD FINANCE PLC - REMAIN ON COURSE TO OPEN A FURTHER 12 NEW LOCATIONS DURING FIRST HALF OF 2018, INCREASING OUR NETWORK TO 65 BRANCHES.NON-STANDARD FINANCE PLC - AT LOANS AT HOME, VALUE OF OUR NET LOAN BOOK AT 31 DECEMBER 2017 WAS UP BY 53% TO £51.2M (2016: £33.4M).NON-STANDARD FINANCE PLC -NET LOAN BOOK DRIVEN IN LARGE PART BY ADDITION OF 442 NEW AGENTS THAT JOINED NETWORK DURING YEAR.NON-STANDARD FINANCE PLC - ALSO HELPED TO DRIVE CUSTOMER NUMBERS THAT REACHED 104,100 AT 31 DECEMBER 2017 (2016: 93,600).  Full Article

Provident Financial Informed UK's FCA Starts Probe Into Moneybarn
Tuesday, 5 Dec 2017 02:00am EST 

Dec 5 (Reuters) - Provident Financial Plc ::HAS BEEN INFORMED THAT FINANCIAL CONDUCT AUTHORITY (FCA) HAS COMMENCED AN INVESTIGATION INTO MONEYBARN.INVESTIGATION IN RELATION TO PROCESSES APPLIED TO AFFORDABILITY ASSESSMENTS FOR VEHICLE FINANCE AND TREATMENT IN FINANCIAL DIFFICULTIES.AIMS TO ACT RESPONSIBLY IN ALL ITS RELATIONSHIPS, AND TO PLAY A POSITIVE ROLE IN COMMUNITIES IT SERVES.FCA HAS CONTINUED TO DISCUSS CERTAIN PROCESSES WITH MONEYBARN AND MONEYBARN HAS MADE A NUMBER OF PROCESS IMPROVEMENTS.  Full Article

Provident Financial Says Exec Chairman To Lead Process To Appoint CEO
Tuesday, 28 Nov 2017 02:27am EST 

Nov 28 (Reuters) - Provident Financial Plc ::PROVIDENT FINANCIAL PLC - ‍STUART SINCLAIR ASSUMES ROLE OF SENIOR INDEPENDENT DIRECTOR WITH IMMEDIATE EFFECT​.PROVIDENT FINANCIAL PLC - ‍ANDREA BLANCE WILL BECOME CHAIRMAN OF REMUNERATION COMMITTEE REPLACING MALCOLM, WHO STEPS DOWN WITH IMMEDIATE EFFECT​.PROVIDENT FINANCIAL PLC - ‍AS PREVIOUSLY ANNOUNCED, MALCOLM LE MAY HAS BEEN APPOINTED AS INTERIM EXECUTIVE CHAIRMAN​.PROVIDENT FINANCIAL PLC - ‍MALCOLM LE MAY WILL LEAD ONGOING PROCESS TO APPOINT A NEW CHIEF EXECUTIVE OF COMPANY.​.  Full Article

Provident Financial Plc announces death of executive chairman
Friday, 24 Nov 2017 02:00am EST 

Nov 24 (Reuters) - Provident Financial Plc :SAYS THAT EXECUTIVE CHAIRMAN MANJIT WOLSTENHOLME HAS PASSED AWAY SUDDENLY ON NOV 23, 2017​.‍HAS APPOINTED MALCOLM LE MAY, CURRENTLY SENIOR INDEPENDENT DIRECTOR OF COMPANY, AS INTERIM EXECUTIVE CHAIRMAN​.  Full Article

Provident Financial names first chief risk officer-source
Wednesday, 1 Nov 2017 07:30am EDT 

Nov 1 (Reuters) - Provident Financial Plc ::PROVIDENT FINANCIAL APPOINTS NORTHERN ROCK 'RESCUE EXECUTIVE' RICK HUNKIN AS ITS FIRST CHIEF RISK OFFICER- SOURCE.  Full Article

Deutsche Bank cuts stake in Provident Financial to 6.73 pct - filing‍​
Tuesday, 24 Oct 2017 04:59am EDT 

Oct 24 (Reuters) - Filing: Provident Financial : :DEUTSCHE BANK AG CUTS STAKE IN PROVIDENT FINANCIAL TO 6.73 PERCENT FROM 8.05 PERCENT EARLIER - FILING‍​.  Full Article

REFILE-BRIEF-‍Stuart Sinclair appointed interim chairman of Provident Financial ​

* LLOYDS BANKING GROUP PLC - ‍STUART SINCLAIR, AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF LLOYDS, WILL BE APPOINTED INTERIM CHAIRMAN OF PROVIDENT FINANCIAL (NOT LLOYDS)​