Fund managers Neil Woodford, Mark Barnett and Alexander Darwall have taken a hit from a plunge in the shares of Provident Financial (PFG), as the doorstep lender issued a profit warning.
The shares fell 16.2% to £24.01, tumbling to the bottom of the FTSE 100, as the lender said an overhaul of its home credit division was likely to weigh on profits for the rest of the year.
The company said the impact of the reorganisation on collections, sales penetration and customer retention was heavier than expected.
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