Update: Woodford-backed Provident Financial booted out of FTSE 100
Shares fell nearly 70% on profit warning
Neil Woodford
Sub-prime lender Provident Financial took another hit on Wednesday as it was kicked out of the FTSE 100, adding to growing concerns about the welfare of the company.
Almost £1.7bn was been taken off its market cap since the firm issued a second profit warning in three months and announced it was under regulatory investigation last week. On the news, shares in the...
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