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Update 2-provident Financial Shares Soar As Capital Raising Seen As First Step To Recovery | Reuters
Posted on: Feb. 27, 2018, 7:31 a.m.
* Settles Vanquis Bank probe with FCA (Adds details, CEO comments, share movement): Feb 27 (Reuters) - Shares in troubled Provident Financial soared by more than 80 percent on Tuesday after the British sub-prime lender announced a 331 million pound ($462 mln) share sale that will increase its capital by more than a third. The rights issue is the first sign of a long-awaited turnaround in the company which lost 70 percent of its value last year when it swung ... Full investment news articleRelevent to this post: Barclays Capital Michigan State University Office of Investments,