FTSE 250 movers: Paragon surges on acquisition; DS Smith drops on downgrade
2nd Oct 2015 14:39
(ShareCast News) - London's FTSE 250 was down 0.3% to 16,713.91 as markets nudged lower following the release of weaker-than-expected US non-farm payrolls. Paragon Group of Companies put in a stellar performance after announcing the acquisition of Five Arrows Leasing Group through its subsidiary Par
Read moreLondon pre-open: Shares to edge higher ahead of US jobs report
2nd Oct 2015 07:58
(ShareCast News) - Stocks are expected to start the day slightly higher ahead of today´s release of the US jobs report for September. The top flight index is seen starting the session up to 22 points higher from Thursday´s close of 6,072.47, while the Shanghai Stock Exchange´s Composite Index remain
Read moreParagon acquires Five Arrows Leasing Group
2nd Oct 2015 07:05
(ShareCast News) - Paragon Group has acquired Five Arrows Leasing Group through its subsidiary Paragon Bank for £117m. The deal, announced Friday, is part of the bank's strategy to provide diversification of funding sources and income streams for the group which started in 2014. In the year to 31 M
Read moreChallenger banks reportedly request extension to Funding for Lending scheme
11th Sep 2015 12:52
(ShareCast News) - Challenger banks have reportedly requested an extension to the government's flagship industry funding scheme during a meeting at which they expressed their anger over Chancellor George Osborne's plans for an 8% Corporate Tax surcharge on profits of more than £25m. According to Sky
Read moreParagon bounces as buy-to-let mortgage demand remains
29th Jul 2015 11:58
(ShareCast News) - Paragon Group of Companies, the specialist lender and bank, enjoyed a robust third quarter, with strong buy-to-let (BTL) mortgage activity and a major loan portfolio acquisition. Buy-to-let completions across the specialist lending arm and Paragon Bank totalled £370.3m during the
Read moreJefferies raises Paragon price target
1st Jul 2015 13:19
Jefferies raised its price target on Paragon Group of Companies to 540p from 440p and kept its rating at 'buy'. "Our basic thesis is that Paragon is returning to a more normal level of buy-to-let (BTL) mortgage market share, having been constrained by lending capacity," said Jefferies. It said the
Read moreParagon Group's senior director to step down
26th Jun 2015 11:28
Ted Tilly will step down from his role as senior independent director of the Paragon Group of Companies, the FTSE 250 group said on Friday. Tilly, who has been a director of the company since 2008, will formally step down from the board on 1 July 2015, with Fiona Clutterbuck set to replace him.. "T
Read moreBank of America Merrill Lynch downgrades Paragon to neutral
20th May 2015 14:44
Bank of America Merrill Lynch downgraded Paragon Group to 'neutral' from 'buy' and cut its price target to 470p from 500p. "Whilst we are supportive of Paragon's longer-term plans we think near term the shares have now re-rated enough and with our earnings per share expectations pulled back somewhat
Read moreParagon Group's interims boosted by new product launches
19th May 2015 09:24
New product launches and an increase in buy-to-let lending drove first half pre-tax profit higher at specialist lender Paragon Group of Companies. The FTSE 250 company said pre-tax profit for the six months to the end of March rose 7.6% year-on-year to £62.6m, while its return on equity, an importan
Read moreParagon Group of Companies Q1 results in line with expectations
22nd Jan 2015 09:48
Specialist lending firm Paragon Group of Companies said its performance remained "strong" during the first quarter of the financial year. with results in line with forecasts. Specialist lending firm Paragon Group of Companies said its performance remained "strong" during the first quarter of the fin
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreFTSE 250 movers: Telecom Plus impresses with annual results
21st May 2014 14:52
Telecom Plus topped the second tier risers today after impressing with an increase in annual profit and revenue as the utility achieved a record increase in customer numbers. The company, which supplies gas, electricity, telephony and broadband, said adjusted pre-tax profit jumped 25.3% to £44.6m a
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreFTSE 250 movers: Paragon virtues apparent as buy-to-let bounces
20th May 2014 15:48
Buy-to-let lender Paragon Group led the FTSE 250 charge on Tuesday, after first half profits were boosted by rising demand from an uplift in the rental market. Underlying pre-tax profit rose 20% to 57.9m pounds in the first half as it granted more than double the amount of loans, from £102m to £26
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