Paragon's first half profits rise on buy-to-let demand
20th May 2014 09:52
- Profit rises 20.9 per cent - Demand for buy-to-let loans boosts earnings - Dividend lifted 25 per cent Paragon Group reported a 20.9 per cent rise in underlying pre-tax profit to 57.9m pounds in the first half, boosted by a rise in loan portfolios and demand for buy-to-let loans. The parent of
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreFTSE 250 movers: Ashmore dives as profits sink by a third
25th Feb 2014 15:30
Asset manager Ashmore was at the bottom of the pile after its first-half profits fell by a third as it counted the cost of investor wariness over emerging markets against a backdrop of the US winding down its bond-buying stimulus programme. The news prompted Canaccord to downgrade the stock to 'hold
Read moreFTSE 250 movers: Bwin.party rises on Numis rating
18th Feb 2014 12:57
Bwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreParagon launches banking subsidiary
18th Feb 2014 07:56
The Paragon Group of Companies has launched a banking subsidiary after receiving authorisation from the Prudential Regulation Authority. Paragon Bank has been provided with an initial capital of £12.7m, with additional funds due to be supplied over time to support the growth of the business. The b
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreBroker tips: BT, Diageo, Shell...
31st Jan 2014 12:08
Broker Hargreaves Lansdown said BT was 'firing on all cylinders' after the telecoms company forecast annual earnings at the top end of expectations. The broker's Richard Hunter said broadband demand, a strong performance outside the UK and BT's new sport channels had combined to produce "an impress
Read moreBroker snap: Paragon makes progress on all fronts, says Panmure
31st Jan 2014 11:38
Panmure Gordon has reiterated its 'buy' rating and 390p target price for financial services group Paragon, saying that the company made progress across the board in the first quarter. "Progress was clear on all fronts including increased mortgage originations, Idem Capital investing more, progress
Read moreLondon midday: Stocks sink after surprise dip in Eurozone inflation
31st Jan 2014 11:35
- BT lifts earnings outlook for full year - Eurozone CPI raises deflation risks - German retail sales fall - FTSE 100 down three per cent on the week techMARK 2,759.01 -0.77% FTSE 100 6,463.74 -1.14% FTSE 250 15,621.08 -0.51% After a subdued start, UK markets sank sharply into the red on Friday mo
Read moreLondon open: Markets lower ahead of Eurozone CPI, BT gains
31st Jan 2014 08:56
- BT lifts earnings outlook for full year - German retail sales fall, Eurozone CPI ahead - FTSE 100 down two per cent on the week techMARK 2,777.63 -0.10% FTSE 100 6,519.07 -0.30% FTSE 250 15,723.63 +0.14% UK markets were in the red for a third straight day on Friday despite strong gains for heavy
Read moreParagon Q1 profits grow as buy-to-let lending picks up
31st Jan 2014 08:14
- Operating profits up 13.5 per cent - Lending increased 'significantly' in Q1 - Banking application process 'well advanced' The Paragon Group of Companies saw its share price surge on Friday after saying that new buy-to-let lending increased 'significantly' during its first quarter. The buy-to-le
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreTuesday broker round-up UPDATE
26th Nov 2013 08:18
BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener
Read moreParagon Group's annual profits rise on pick up in lending market
26th Nov 2013 07:07
- Pre-tax profit and income rise on demand for mortgages - Improved housing sector and economy boosts results - Final dividend raised to 4.8p per share from 4.5p - Growth expected in year ahead Paragon Group's annual pre-tax profit rose 10.4 per cent to 105.4m pounds, driven by growth in buy-to-le
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