Home news Provident leads FTSE 100 higher again

Provident leads FTSE 100 higher again

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Shares in troubled doorstep lender Provident Financial have risen for the third day in a row, following their 66% plunge on Tuesday.In Friday morning trading, the stock was up 20%, bolstered by news of a management shake-up at the firm. Tuesday’s slump was prompted by the company’s second profit warning in three months.Overall, the benchmark FTSE 100 index was up 27.6 points or 0.37% at 7,434.66 points.Provident rose 13% on Thursday and 12% on Wednesday. Friday’s trading was not so rosy for advertising giant WPP, another firm that has seen big losses this week.Its shares fell 11% on Wednesday after it reported slowing sales, then rose 2.9% on Thursday. But on Friday it was back in the losers’ table, shedding 1.4%.On the currency markets, the pound was up 0.28% against the dollar at $1.2837 and up 0.15% against the euro at 1.0862 euros.
Source: BBC