Provident Financial needs to gets its skates on if it's to save itself | Nils Pratley

An unwelcome bid from its former boss's upstart rival could be short, sharp and painfulIn the unlovely world of subprime lending - a place of high interest rates for credit-impaired borrowers - an entertaining corporate scrap has broken out.In the establishment corner stands Provident Financial, whose directors, despite disappointing shareholders on a regular basis, probably assumed they were too grand to become the target of a hostile bid from an upstart rival. Continue reading...