- Provident Financial said it was 'gravely concerned' about Non-Standard Financial not answering some of its questions about its hostile bid for the sub-prime lender.

In a continuing war of words, Provident Financial said Non-Standard had failed to respond to questions related to the takeover bid and its historical dividend payments and share buybacks.

'Provident shareholders deserve clarity to enable them to make an informed decision on the merits, or otherwise, of the offer,' it said.

Provident Financial also claimed that the 'vast majority' of its shareholders who had accepted the bid also held shares in Non-Standard Financial.

'The Provident board continues to have significant concerns about the offer, not least because NSF has repeatedly made pre-tax losses on a statutory basis, its share price is near an all-time low, and it would opportunistically benefit from the relative financial strength of Provident,' the company said.

At 8:02am: [LON:PFG] Provident Financial PLC share price was +0.8p at 522.4p

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