Home credit and digital loans provider International Personal Finance said on Friday that it made a good start to the year, with credit issued growth of 3%, driven by the digital division and Mexico home credit, which was partially offset by a small contraction in its European home credit markets.
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International Personal Finance sustained disruption from earthquakes in Mexico last month, following strong performance during July and August.
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Consumer credit lender International Personal Finance tanked on Wednesday as it reported a 20% drop in full-year pre-tax profit.
Dixons Carphone is likely to be demoted from the FTSE 100 index as part of the latest quarterly review on Tuesday evening, with Capita and EasyJet close to the drop zone and Intu Properties escaping for another day.
International Personal Finance has appointed Justin Lockwood as its new chief financial officer after he assumed the role on an interim basis back in September.
International Personal Finance's Polish home credit company, Provident Polska, is to appeal the decision by the Polish Tax Chamber regarding a transfer pricing challenge related to an intra-group arrangement with a UK entity in 2008 and the timing of taxation of home collection fee revenues in the country.
International Personal Finance posted a trading update for the third quarter on Thursday, with 9% growth in credit issued for the three months to 30 September.
Boosted by another plunge in the pound that is expected to prop up exporters, the FTSE 250 was 1.66% higher late on Tuesday.
International Personal Finance said on Wednesday that is chief financial officer, Adrian Gardner, has resigned "to pursue an alternative business opportunity".
LondonMetric Property directors sold more than £1.5m-worth of shares in the company, which on Wednesday declared a first quarterly interim dividend of 1.8p a share.
Profits slumped by more than a quarter at International Personal Finance in the first half as the company continued to endure ongoing problems in Mexico and invested further in its digital capabilities.
Growth in customer numbers and lending slowed at International Personal Finance in the first quarter due to a slower performance in the key growth market of Mexico.
By mid-afternoon on Thursday, the FTSE 250 was down 0.41%, amplifying the falls of its blue chip brother as weakening oil and copper prices undermined earlier index gains.
The FTSE 250 had undone the week's gains on Wednesday, dropping 140.42 points (0.87%) to 16,088.78 by mid-afternoon.
Despite an increase in customers and the amount of credit issued, International Personal Finance's revenue and profit before tax has dipped.
International Personal Finance said on Tuesday that it is evaluating alternative business models for the Slovakian market, after new consumer legislation was passed that may damage its Slovak business.
With only three and a half days of trading this week, investors were optimistic and grabbing a few pre-Christmas bargains with the FTSE 250 up 85.45 points (0.50%) to 17,191.32 by mid-afternoon Monday.