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15 March 2021 | 12:01pm StockMarketWire.com - The FTSE 100 lost some of its early momentum, only up 0.2% to 6,776.75 having earlier traded above the 6,800 mark. US stimulus and better-than-expected Chinese data were catalysts but accompanying inflation worries continued to check the market s progress with European markets pretty flat. Subprime lender Provident Financial plunged 27% to 190.3p after it revealed UK regulators were investigating its consumer credit division, focusing on the affordability and sustainability of lending practices. Provident Financial said it was planning to spend up to $65 million addressing customer complaints in the division, which it said might be forced into liquidation if its plan was rejected. ....
15 March 2021 | 16:36pm StockMarketWire.com - A lacklustre start to trading on Wall Street contributed to the FTSE 100 losing its way on Monday as its earlier gains were surrendered to see the index trade down 0.2% at 6,748.09 by the close. Subprime lender Provident Financial plunged 27.4% to 190p after it revealed UK regulators were investigating its consumer credit division, focusing on the affordability and sustainability of lending practices. Provident Financial said it was planning to spend up to $65 million addressing customer complaints in the division, which it said might be forced into liquidation if its plan was rejected. Gambling company Flutter rallied 6.9% to £168.80 on confirming press speculation that it was mullling a US listing of its FanDuel business. ....