Provident Financial confirms £80m-to-£120m losses as search for CEO gets underway
Crisis-hit lender Provident Financial has confirmed it is facing a pre-exceptional loss for its consumer credit division of between £80m and £120m for 2017, as the hunt for a new chief executive gets underway.
Provident was hit by a profit warning in August, leading to the exit of its chief executive Peter Crook, after the company was forced to announce that its transformation programme, which was expected to boost profits to around £150m, was forecast to generate losses of up to £120m.
Crook left the comp... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
