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About Morses Club Morses Club is an established provider of non-standard financial services in the UK. The Group consists of Morses Club, the UK s second largest home collected credit ( HCC ) provider, and Shelby Finance Limited, Morses Club s Digital division, which operates under two online brands, Dot Dot Loans, an online lending provider, and U Account, which offers online e-money current accounts. The Group s growing Digital capabilities and scalable, highly invested IT platform has enabled Morses Club to deliver an inc reasingly broad range of financial products and services to the non-standard credit market. UK HCC is considered to be a specialised segment of the broader UK non-standard credit market. UK HCC loans are typically small, unsecured cash loans delivered directly to customers electronically, or physically to customers homes. Repayments are collected either remotely or in person, during weekly follow-up visits to customers homes
Doorstep lending reaches end of the road as Provident Financial pulls plug
The decision to walk away from the sector after 140 years collecting debts is part of a plan to become a broader banking group
Malcom Le May has not had the easiest few years trying to turnaround embattled lender Provident Financial.
Today, however, he is feeling particularly emotional as the plug is finally pulled on its controversial doorstep lending arm - the backbone of the business initially founded 141 years ago to help Britain s poorest households make ends meet. It is a sad day because the doorstep lending business is part of the group s heritage - it means we re moving away from the original business formed back in 1880, he says. I ve got responsibilities to a number of different stakeholders, but today is clearly a very sad day for our customers and it s going to be a difficult period for our colleagues.
EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO
Thu, 29th Apr 2021 16:52
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:
Fresnillo PLC - gold and silver miner in Mexico - Alberto Bailleres steps down as chair and from board, effective immediately, but will remain as honorary president of Fresnillo. Alberto Bailleres, who is 89 years old, holds a 74.99% stake in Fresnillo, according to Morningstar. He will be replaced by Alejandro Bailleres, who is 60 and currently deputy chair. Fresnillo also proposes to add Hector Rangel as independent non-executive director and Eduardo Cepeda as non-executive director, both from the annual general meeting on June 24. Rangel is president of BCP Securities Mexico, a joint venture with US investment bank BCP Securities LLC. Cepeda was president & senior country officer at JP Morgan Chase & Co, based in Mexic
Thu, 29th Apr 2021 16:52
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:
Fresnillo PLC - gold and silver miner in Mexico - Alberto Bailleres steps down as chair and from board, effective immediately, but will remain as honorary president of Fresnillo. Alberto Bailleres, who is 89 years old, holds a 74.99% stake in Fresnillo, according to Morningstar. He will be replaced by Alejandro Bailleres, who is 60 and currently deputy chair. Fresnillo also proposes to add Hector Rangel as independent non-executive director and Eduardo Cepeda as non-executive director, both from the annual general meeting on June 24. Rangel is president of BCP Securities Mexico, a joint venture with US investment bank BCP Securities LLC. Cepeda was president & senior country officer at JP Morgan Chase & Co, based in Mexico City from 1993 to 2019. His an adviser to the BAL Group, so won t be c