Paragon's profit climbs as it transitions to retail banking
23rd Nov 2016 08:24
(ShareCast News) - Mortgage provider Paragon Group drove annual profits higher as it transitions to a retail bank, hiking its dividend more than 20% and announcing a share buyback to further please investors. In the year ended 30 September, underlying profit rose 9.1% to £146.9m compared to last yea
Read moreParagon buys Premier Asset Finance
3rd Oct 2016 07:31
(ShareCast News) - FTSE 250 lender Paragon Group of Companies has acquired asset finance brokerage Premier Asset Finance through Paragon Bank' asset finance division, Paragon Bank Asset Finance Limited, for an initial consideration of £8.5m in cash. Paragon said a further £12m is payable over the
Read moreRBC ups targets on specialty lenders due to UK economic resilience
23rd Sep 2016 08:34
(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While
Read moreParagon 9 month underlying profits up
29th Jul 2016 08:28
(ShareCast News) - Paragon Group said underlying operating profits before fair value items and acquisition related costs rose 12.1% to £109.9 million for the nine months to June 30. The company said normal trading had been disrupted by stamp duty changes on buy-to-let property purchases and uncertai
Read moreBroker tips: Imperial Brands, Paragon Group, BP
24th May 2016 13:24
(ShareCast News) - Barclays upgraded Imperial Brands to 'overweight' from 'equalweight' and lifted the price target to 4,200p from 3,750p, driven by more bullish medium-term expectations. The bank said organic sales momentum is improving and margin/cash generation increases underpin dividend growth
Read moreNumis leaves Paragon at 'buy' after first half results
24th May 2016 10:54
(ShareCast News) - Paragon's shares fell on Tuesday after Numis said it expects to downgrade its estimates "modestly" following the mortgage lender's first half results. Numis said the company's results were "a little below our top of the range forecasts" but reiterated a 'buy' rating and target pri
Read moreParagon Group's first half profits jump on buy-to-let demand
24th May 2016 09:21
(ShareCast News) - Paragon Group on Tuesday reported a 12.5% increase in underlying profits to £71.9m in the first half as the provider of mortgages and personal loans received strong demand for buy-to-let house purchases. Pre-tax profit grew 11% to £69.5m in the six months to 31 March 2016 as buy-t
Read moreThursday newspaper share tips: Tritax Big Box REIT, Paragon
31st Mar 2016 17:56
(ShareCast News) - Tritax Big Box REIT appears to keep going from strength to strength, The Daily Telegraph´s Questor said. The company - considered to be a leader in logistics property - has a £1.3bn portfolio which is completely rented out to high quality tenants and is in a good position to expan
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreFTSE 250 movers: Britvic keeps market bubbling up
27th Jan 2016 14:46
(ShareCast News) - The FTSE 250 was in the black and rising by mid-afternoon Wednesday, up 35.23 points (0.22%) to 16,214.25. Britvic shares were up over 5% after the soft drinks maker reported a rise in first quarter revenue as it reiterated its full year earnings guidance. In a trading update for
Read moreParagon Group celebrates bank profits
27th Jan 2016 08:27
(ShareCast News) - Paragon Group of Companies was celebrating the first quarter in which its banking division turned a profit on Wednesday, with its buy-to-let division also growing sizeably in the three months to 31 December 2015. The FTSE 250 group described its financial performance as strong, an
Read moreFive City traders accused of insider dealing Sky, L&G and Paragon shares
18th Jan 2016 15:46
(ShareCast News) - Five day traders, including brokers at Deutsche Bank and Panmure Gordon, have been accused of making more than £7m from the biggest ever insider trading case in the City of London. Prosecutors representing the Financial Conduct Authority at Southwark Crown Court since last Monday
Read moreParagon's subsidiary completes £117m deal
3rd Nov 2015 14:53
(ShareCast News) - Paragon Bank, a subsidiary of the Paragon Group of Companies, has completed the acquisition of Five Arrows Leasing Group for £117m. In a statement released on Monday, the FTSE 250 group said the acquisition, which was originally announced early last month, is expected to be enhanc
Read moreLondon close: Stocks gain as disappointing non-farm payrolls push back rate hike forecasts
2nd Oct 2015 16:10
(ShareCast News) - UK stocks ended higher on Friday after a disappointing US non-farm payrolls report pushed back expectations for an interest rate hike. Non-farm payrolls rose 142,000 in September, falling well short of analysts' estimates for a 201,000 increase, the Labor Department revealed. Augu
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