Wednesday 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
Read moreFTSE 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
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