Non-Standard Finance warns of going concern risks as coronavirus hits
Share:
(Reuters) - British lender Non-Standard Finance on Thursday raised doubts on its ability to continue as a going concern, with the coronavirus crisis halting lending and leading to a spike in expected credit losses. "The last 18 months have been difficult and disappointing for Non-Standard Finance with the failure of our offer for Provident Financial," Chief Executive Officer John van Kuffeler said. "The fall in sector values necessitating large write-downs in the values of our three principal..