Shares in Provident Financial rose yesterday after the subprime lender said its credit card business Vanquis Bank performed "modestly above expectations" in the fourth quarter. Shares rose 5.3 per cent to 444.3p yesterday after the lender said its performance for the three months to 31 December was in line with internal plans, and will report full-year results in line with market expectations. It has focused on growing its customer numbers since fending off a takeover bid by rival Non-Standard Finance.

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