Sun. Jan 17th, 2021

Shares in Non-Standard Finance fall after profit warning

Finance chief to stand down only months after lender made bid for Provident Financial

One of the biggest payday-style lenders to emerge in the wake of Wonga’s demise has now run into trouble itself, warning the stock market of tumbling profits and the risks to the business of apotential recession.

Shares in Non-Standard Finance, which operates under the George Banco, Everyday Loans and Loans at Home brands – and charges interest of up to 732% – dived by 18% after the profit warning.

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