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Boardroom Talk: Provident Financial sheds its skin

The FTSE 100 subprime lender has a tricky transition to make away from doorstep lending
May 2, 2017

Provident Financial (PFG) enjoyed years of share price growth driven by its credit card subsidiary subsidiary Vanquis Bank. But its stock finished lower in 2016 as bookings fell and domestic economic concerns weighed. CEO Peter Crook talks with companies editor Ian Smith about a stronger start to 2017, and operational changes in its doorstep lending business.

Provident's shares trade at a fairly hefty premium to their historic price-to-earnings ratio. Given the costs of growth, concerns about the UK economy and the potential disruption of its restructure - not to mention a regulatory review - should investors be nervous about its prospects?

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