Lender slumps on huge loss

Money lending company Provident Financial expects to report a loss of about £120m (€135m) in its consumer credit division for 2017 as it struggles to win back customers following problems at its door-to-door lending business.

Money lending company Provident Financial expects to report a loss of about £120m (€135m) in its consumer credit division for 2017 as it struggles to win back customers following problems at its door-to-door lending business.

Shares in Provident were down by nearly 13%. They have fallen almost 70% since June.