Provident Financial expects 2018 earnings to be at the lower end of market expectations, sending shares in the sub-prime lender 20% lower.

Cabot Credit Management, the UK’s biggest debt collector has confirmed it will list on the London Stock Exchange, targeting a £1bn (€1.1bn) market capitalisation.

British challenger bank Virgin Money Holdings saw a 26% rise in first-half underlying pretax profit, helped by growth in the bank’s core mortgages, savings and credit card businesses.

Doorstep UK lender Provident Financial today reported a 20% slump in pre-tax profits after it invested heavily in start-ups in Mexico and Romania and its credit card business.