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Provident fighting multiple fires

Provident fighting multiple fires

Following a series of profit warnings last year, Provident Financial (PFG) has given with one hand and taken with the other. The disastrous execution of its restructure of the home credit business means its consumer credit division is expected to report a pre-exceptional loss of around £120m for 2017. That’s at the upper end of guidance issued in August. However, there is a glimmer of hope – active customer numbers for its consumer credit division increased by 30,000 to 530,000 during the final quarter.

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