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Arrow Global Group PLC (ARWA.L)

ARWA.L on London Stock Exchange

223.00GBp
22 Mar 2019
Change (% chg)

-2.00 (-0.89%)
Prev Close
225.00
Open
224.50
Day's High
228.00
Day's Low
219.00
Volume
566,611
Avg. Vol
380,303
52-wk High
382.50
52-wk Low
166.20

Latest Key Developments (Source: Significant Developments)

Arrow Global On Track To Finish Year In Line With Market Expectations
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Arrow Global Group PLC ::PORTFOLIO ACQUISITIONS OF £145.1 MILLION, UP FROM £125.1 MILLION IN H1 2017.HY INTERIM DIVIDEND PER SHARE 4.0P.TRADING CONTINUES TO BE STRONG AND WE REMAIN ON TRACK TO FINISH YEAR IN LINE WITH MARKET EXPECTATIONS..HY CORE COLLECTIONS 178.0 MILLION STG VERSUS 154.5 MILLION STG."BY PURCHASING & MANAGING NON-PERFORMING LOANS & OTHER NON-CORE ASSETS, CO PROVIDE VALUABLE CAPITAL, EXPERTISE TO GROWING EUROPEAN MARKET".HY TOTAL INCOME 166.9 MILLION STG VERSUS 149.8 MILLION STG.HY UNDERLYING PROFIT AFTER TAX 28.4 MILLION STG VERSUS 25.8 MILLION STG.HY PROFIT AFTER TAX 8.5 MILLION STG VERSUS 3.7 MILLION STG.  Full Article

Arrow Global To Acquire Norfin For 15.1 Mln STG
Thursday, 26 Jul 2018 

July 26 (Reuters) - Arrow Global Group PLC ::AGREED TERMS TO ACQUIRE NORFIN FOR AN UPFRONT PURCHASE PRICE OF £15.1M.ACQUISITION WILL BE FUNDED IN CASH FROM EXISTING GROUP RESOURCES, WITH £15.1M PAID ON CLOSING.TRADING CONTINUES TO BE STRONG AND IN-LINE WITH MANAGEMENT EXPECTATIONS, AT HIGH RETURNS.ON TRACK TO MEET ANNUAL TARGET OF £230-240M OF PORTFOLIO PURCHASES.AT £145M AT END OF JUNE, VOLUMES ARE RUNNING AHEAD OF 2017.GROUP REMAINS WITHIN ITS TARGET LEVERAGE RANGE AND EXPECTS TO REDUCE LEVERAGE BY END OF 2018.TRADING IN Q2 HAS CONTINUED TO BE IN LINE WITH EXPECTATIONS, WITH POSITIVE PRICING ENVIRONMENT WE NOTED IN Q1 CONTINUING INTO PERIOD.  Full Article

Arrow Global appoints Dave Sutherland as group chief operating officer​
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Arrow Global Group Plc ::‍ ANNOUNCES APPOINTMENT OF DAVE SUTHERLAND AS GROUP CHIEF OPERATING OFFICER​.  Full Article

Arrow Global Says Mars Capital Deal Completed
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Arrow Global Group Plc ::ARROW GLOBAL GROUP PLC - CONFIRMS ACQUISITION OF MARS CAPITAL'S UK AND IRISH MORTGAGE SERVICING BUSINESSES NOW COMPLETED.  Full Article

Arrow Global Group reports increase in revenues of 41 percent
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Arrow Global Group Plc interim results for nine months to Sept. 30, 2017::‍Strong organic portfolio purchases, increasing 30 percent to 155.0 million pounds​.‍Revenue growth of 41 percent supported by a 13 percent increase in core collections​.‍Zenith performing well and continuing to increase group's Italian market expertise and build valuable relationships​.‍Attractive outlook for NPL supply across Arrow's markets​.  Full Article

Debt collector Arrow Global's CFO to step down
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Arrow Global Group Plc :APPOINTMENT OF CHIEF FINANCIAL OFFICER.‍ROB MEMMOTT, WHO HAS BEEN WITH BUSINESS FOR SIX YEARS, HAS DECIDED TO STEP DOWN AS GROUP CHIEF FINANCIAL OFFICER​.‍PAUL COOPER, CURRENTLY CFO OF INTERNATIONAL INSURANCE BUSINESS SOMPO CANOPIUS, WILL REPLACE ROB AS GROUP CFO​.‍COOPER WILL JOIN BOARD WHEN HE STARTS ON 1 JANUARY 2018​.  Full Article