It's Not Just Provident, U.K. Dominates List of 2017 Stock Bombs
- Majority of one-day Stoxx 600 drops this year from the U.K.
- Provident Financial collapse follows Petrofac, Pearson, BT
Provident Financial Drops Most Ever as CEO Quits
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U.K. stock pickers have navigated a minefield this year.
Provident Financial Plc’s 66 percent collapse yesterday -- the biggest one-day plunge in Europe’s Stoxx 600 this year -- followed the latest in a string of profit warnings from U.K. companies.