Paragon profit powers ahead
24th Nov 2010 07:14
Buy-to-let mortgage lender Paragon reported a sharp increase in full year profit on strong rental demand, a decrease in its provision for losses and as the turmoil of the credit market crisis continues to fade. Pre-tax profit rose to £71.8m for the year ended 30 September 2010 from £54.3m the year
Read moreLondon close: Footsie rebounds as Wall Street recovers
28th Sep 2010 16:53
An upturn in the US buoyed sentiment on this side of the Atlantic too, helping Footsie to finish in the blue after a choppy day. The day started badly for London's leading share index but it. gradually recovered throughout the morning only to fall back after a poor start on Wall Street then rebound
Read moreFTSE 250 movers: Thomas Cook review spooks traders
28th Sep 2010 16:27
Travel company Thomas Cook falls sharply after it started a review of its UK cost base after softer than expected business over the summer and in view of the difficult market backdrop. "Our cost experience in the UK has not been as favourable as expected, particularly in the airline, and this will
Read moreLondon afternoon: Footsie becalmed
28th Sep 2010 14:12
Expectations of a firm start on Wall Street have lured buyers back into the market in London and the blue-chip index ended the lunch time session barely changed on the day. Hedge fund manager Man has been usurped as worst performing FTSE 100 stock by weapons systems developer BAE Systems. Defence f
Read moreLondon midday: Man leads London lower
28th Sep 2010 12:22
Confirmation that the UK economy grew 1.2% in the second quarter, its fastest pace in nine years, has done little to quell concerns about future economic growth, both here and abroad, and that prompted a subdued mood in London in the morning session. Hedge fund manager Man is the weakest of the bl
Read moreLondon open: Poor start for blue chips
28th Sep 2010 08:47
London is heading lower led by Thomas Cook after a gloomy update, while miners and banks are also under pressure after a weak finish on Wall Street overnight. Tour operator Cook said it has now started a review of its UK cost base after softer than expected business over the summer and in view of t
Read moreLondon close: Lower finish for FTSE 100
10th Aug 2010 16:42
A poor reception for updates from the holiday-related stocks TUI Travel and InterContinental Hotels helped ensure Footsie closed in the red, while economic worries also weighed on sentiment. China's trade surplus hit an 18-month high as exports surged and imports slowed. Imports increased 22.7% i
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreParagon stabilising
29th Jul 2010 16:59
The horrors of the credit crunch are becoming a faint memory for specialist mortgage lender Paragon with performance in the third quarter of its financial year continuing to be strong. Pre-tax profits, inclusive of an exceptional profit of £5.7m on the purchase of group securitised bonds and a char
Read moreUK SMALLCAP ROUNDUP: Surf's Up For Plantic Technology
29th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PLANTIC TECHNOLOGIES LTD. (PLNT.LN), a maker of biodegradable packaging for food, Thursday said it agreed terms for a takeover offer from the founder of
Read moreUK SMALLCAP ROUNDUP: Antisoma To Return Cash If Programs Fail
29th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ANTISOMA PLC (ASM.LN), a biotechnology company, said it will return any cash it has left to shareholders if its two lead drug programs fail clinical tria
Read moreUK SMALLCAP ROUNDUP: Connaught Secures GBP15M Overdraft
29th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CONNAUGHT PLC (CNT.LN) Thursday said it has agreed terms on a GBP15 million short-term overdraft with its lenders, as well as the deferral of interest an
Read moreParagon Group Still In Talks To Restart Lending; 3Q Strong
29th Jul 2010 08:34
LONDON (Dow Jones)--Buy-to-let lender Paragon Group of Cos. PLC (PAG.LN) Thursday said it is still in talks with wholesale lenders with the aim of restarting lending, and that its third-quarter financial performance was strong. The firm hasn't lent to new customers since 2008 but aims to restart
Read moreWiseman chairman sells
2nd Jul 2010 17:17
Alan Wiseman, the chairman of Robert Wiseman Dairies, has raised £3m from a share sale. Wiseman sold 615,000 shares at 491.5p each. He still owns 15.2% of the Scottish dairy group. In June, Robert Wiseman completed the repurchase of capital equipment and vehicles that were the subject of a sale
Read moreMARKET TALK: Charles Stanley Starts Paragon Group At Buy
18th Jun 2010 11:03
1003 GMT [Dow Jones] Charles Stanley initiates coverage of Paragon Group (PAG.LN) at buy with a 225p price target, citing the company's cash generative portfolio. Reckons as the market starts to appreciate this, the discount to the 225p NAV will close. Says the group's buy-to-let portfolio is perfor
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