Boardroom Talk: Provident Financial sheds its skin

Provident Financial enjoyed years of share price growth driven by its credit card subsidiary subsidiary Vanquis Bank. But its stock finished lower in 2016 as bookings fell and domestic economic concerns weighed. CEO Peter Crook talks with companies editor Ian Smith about a stronger start to 2017, and operational changes in the group's doorstep lending business.Provident's shares trade at a fairly hefty premium to their historic price-to-earnings ratio. Given the costs of growth, concerns about the UK economy and the potential disruption of its restructure - not to mention a regulatory review - should investors be nervous about its prospects?Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Investors' Chronicle is a service by the Financial Times. Hosted on Acast. See acast.com/privacy for more information.