Subprime lender Provident Financial has revealed it has spent between £17million and £22million, to date in the hostile takeover bid by its rival Non-Standard Finance (NSF). In a trading update this morning, Provident revealed the figures in a trading update for the period January 1 to March 31. the firm also published exceptional items for…

Home collected credit specialist Morses Club has announced strong preliminary results as it reported strong annual profit growth as both credit issued and customer numbers rose. Morses Club’s revenue for the 52 weeks to February 23 rose by 0.3% to £117million, but on a proforma, like-for-like basis, it rose 6.%. Morses Club is providing proforma results…

Morses Club has announced that it’s Chief Financial Officer (CFO), Andy Thomson, plans to retire from his role on 1st July 2019. Thomson will remain as a Non-executive Director (NED) on the Board of Morses Club. Thomson was involved in the RCapital acquisition of Morses Club in March 2009, remaining on the Board as a…

Home collected credit lender Morses Club has announced changes to the board of the company. Baroness Simone Finn has been appointed to the Board as an independent non-executive director and Chair of the Audit and Risk & Compliance Committees with effect from 5th May 2019. Baroness Finn is a member of the UK House of Lords. She is a former…

Here is an overview of The Money Charity’s latest statistics for April 2019: Personal debt in the UK People in the UK owed £1.633 trillion at the end of February 2019. This is up from £1.584 trillion at the end of February 2018, an extra £942.39 per UK adult over the year. The average total debt per household,…

The Financial Conduct Authority (FCA) has published the latest complaints figures for regulated firms for the second half of 2018. During the second half of 2018 (2018 H2), complaints decreased by 5%, falling from 4.13m to 3.91m. This is the first time the number of complaints has fallen since firms were required to change the…

Rent-to-own provider BrightHouse has announced it has appointed Anth Mooney as its new Chief Executive. Mooney has previously worked at and Virgin Money. BrightHouse chairman, Stuart Deane, said “Anth Mooney was the standout candidate amongst an impressive list of applicants for the role. He is a financial services expert who has also managed national store…

Hundreds of thousands of people who were mis-sold high-cost short term loans will receive a fraction of the compensation they are entitled to after WageDay Advance loans collapsed into administration last month. Customers are now receiving emails to explain how much they owe or are owed. However, now the company is in administration, those who…

Here is an overview of The Money Charity’s latest statistics for March 2019: Personal debt in the UK People in the UK owed £1.629 trillion at the end of January 2019. This is up from £1.579 trillion at the end of January 2018, an extra £952.50 per UK adult over the year. The average total debt per…

Provident Financial has announced the appointment of Neil Chandler as Managing Director of Vanquis Bank. Chandler will join the Vanquis Bank board and will start as Managing Director on the 15th April 2019, subject to regulatory approvals. Chandler was until recently the Chief Executive Officer, Shop Direct Financial Services and a member of the Shop Direct…

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