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United Kingdom

Paragon Banking Group PLC (PARA.L)

PARA.L on London Stock Exchange

470.00GBp
4:52pm BST
Change (% chg)

-5.60 (-1.18%)
Prev Close
475.60
Open
476.80
Day's High
477.00
Day's Low
470.00
Volume
435,409
Avg. Vol
571,891
52-wk High
558.50
52-wk Low
405.70

Latest Key Developments (Source: Significant Developments)

Paragon Banking Sees 25 Pct Higher Buy-To-Let Pipeline At Sept End
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Paragon Banking Group PLC ::PARAGON BANKING GRP - TRADING UPDATE.PARAGON BANKING GROUP PLC - REITERATES GUIDANCE GIVEN AT HALF YEAR IN RESPECT OF VOLUMES, MARGINS AND COSTS.PARAGON BANKING GROUP PLC - BUSINESS CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - BUSINESS CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - BUSINESS CONTINUES TO OPERATE IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - HAS MADE FURTHER PROGRESS ON GROWING ITS RETAIL DEPOSIT BASE, WHICH NOW EXCEEDS £5 BILLION..PARAGON BANKING GROUP PLC - IDEM CAPITAL, PARAGON'S PORTFOLIO PURCHASE DIVISION HAS DISPOSED OF A PORTFOLIO OF WHOLESALE FUNDED ASSETS FOR A PREMIUM.PARAGON BANKING - BUY-TO-LET PIPELINE AT 30 SEPTEMBER 2018 IS EXPECTED TO BE OVER 25% ABOVE LEVEL REPORTED AT 30 SEPTEMBER 2017.PARAGON BANKING GROUP PLC - BULK OF REMAINING IDEM ASSETS WILL BE TRANSFERRED TO PARAGON BANK.PARAGON BANKING GROUP PLC - UNDERLYING PROFITS FOR 2018 REMAIN IN LINE WITH BOARD'S EXPECTATIONS.PARAGON BANKING GROUP PLC - IDEM DISPOSAL WILL HAVE A FAVOURABLE ONE-OFF IMPACT OF CIRCA 7 PENCE PER SHARE ON REPORTED EARNINGS FOR 2018.  Full Article

J O Hambro Capital Management Discloses 5.02 Pct Stake In Paragon Banking
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Paragon Banking Group PLC ::J O HAMBRO CAPITAL MANAGEMENT LIMITED DISCLOSES 5.02 PERCENT STAKE IN PARAGON BANKING GROUP PLC - FILING.  Full Article

Paragon Banking Group Says Q3 Net Loan Growth Totalled 171 Mln Pounds
Monday, 23 Jul 2018 

July 23 (Reuters) - Paragon Banking Group PLC ::Q3 NET LOAN GROWTH TOTALLED £171 MILLION TAKING YEAR TO DATE GROWTH TO £393 MILLION (2017: £335 MILLION).QTRLY MORTGAGE LENDING TOTALLED £409.4 MILLION, TAKING YEAR TO DATE LENDING TO £1,130.4 MILLION.QUARTERLY COMMERCIAL LENDING TOTALLED £179.7 MILLION, TAKING YEAR TO DATE LENDING TO £449.0 MILLION (2017: £285.0 MILLION).BUY-TO-LET PIPELINE ROSE BY £71.2 MILLION ACROSS QUARTER, CLOSING AT £858.8 MILLION.TITLESTONE TRANSACTION IS EXPECTED TO ENHANCE POST TAX PROFITS BY A HIGH SINGLE-DIGIT PERCENTAGE IN 2019.TITLESTONE ACQUISITION IS EXPECTED TO HAVE A MODESTLY POSITIVE IMPACT ON GROUP'S NET INTEREST MARGIN IN.DEMAND FROM PROFESSIONAL LANDLORDS AND ADDITION OF TITLESTONE IS EXPECTED TO ACCELERATE GROWTH OF OUR COMMERCIAL LENDING ARM- CEO.REMAIN ON TRACK TO ACHIEVE OUR 2018 TARGETS AND BUSINESS IS WELL-PLACED TO MAKE FURTHER STRONG PROGRESS IN 2019- CEO.  Full Article

Paragon buys Titlestone Property Finance, loan book from Oaktree funds
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Paragon Banking Group PLC ::ACQUIRED ENTIRE SHARE CAPITAL (" TRANSACTION"/" ACQUISITION") OF TITLESTONE PROPERTY FINANCE LIMITED ("TITLESTONE") FOR CIRCA £48 MILLION.IS ACQUIRING A PORTFOLIO OF DEVELOPMENT FINANCE LOANS FOR CIRCA £226 MILLION FROM A SERIES OF SPECIAL PURPOSE VEHICLE COMPANIES ("SPVS").TITLESTONE, SPVS OWNED BY FUNDS ULTIMATELY CONTROLLED BY OAKTREE CAPITAL MANAGEMENT ."CONSIDERS DEVELOPMENT FINANCE MARKET TO BE PARTICULARLY ATTRACTIVE, WITH STRONG LONG-TERM GROWTH".ACQUISITION SERVES TO EXTEND GROUP'S CURRENT DEVELOPMENT FINANCE BUSINESS.TRANSACTION IS EXPECTED TO ENHANCE PARAGON'S POST TAX PROFITS BY A HIGH SINGLE-DIGIT PERCENTAGE IN ITS FIRST FULL YEAR.FOLLOWING TRANSACTION, REMAINDER OF GROUP'S 2018 SHARE BUY-BACK PROGRAMME WILL BE SUSPENDED.  Full Article

Paragon Banking Says Fiona Clutterbuck Appointed As Chairman
Friday, 11 May 2018 

May 11 (Reuters) - Paragon Banking Group PLC ::PARAGON - FIONA CLUTTERBUCK, SENIOR INDEPENDENT DIRECTOR, APPOINTED CHAIRMAN OF COMPANY AND REGULATED SUBSIDIARY PARAGON BANK, WITH EFFECT FROM 10 MAY 2018.PARAGON - BOB DENCH, WHO WAS APPOINTED CHAIRMAN OF CO-OP BANK PLC IN MARCH 2018, STEPPED DOWN AS CHAIRMAN AND CEASED TO BE DIRECTOR ON 10 MAY 2018.  Full Article

Paragon Confirms Early Stages Of Considering A Possible Acquisition of Titlestone
Tuesday, 8 May 2018 

May 8 (Reuters) - Paragon Banking Group PLC ::NOTES PRESS SPECULATION IN RELATION TO A POSSIBLE ACQUISITION OF TITLESTONE.CONFIRMS THAT IT IS IN EARLY STAGES OF CONSIDERING A POSSIBLE ACQUISITION OF TITLESTONE..NO CERTAINTY OF AN AGREEMENT BEING REACHED NOR AS TO TERMS OF SUCH AGREEMENT.  Full Article

Paragon Banking Says Q1 2018 Buy-To-Let Investments ‍342.9​ Mln Pounds
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Paragon Banking Group Plc ::Q1 2018 BUY-TO-LET INVESTMENTS ‍342.9​ MILLION POUNDS VERSUS 185.2 MILLION POUNDS A YEAR-AGO.‍GROUP CONTINUES TO SEE GOOD PROGRESS IN EACH OF ITS BUSINESS LINES AND CONTINUES TO TRADE IN LINE WITH EXPECTATIONS​.‍UNAUDITED CET1 RATIO OF 15.6% AT 31 DECEMBER 2017​.‍"OUR DISCIPLINE OVER PRICING AND RISK IN A HIGHLY COMPETITIVE MARKET RESULTED IN NO NEW DEALS COMPLETING FOR IDEM CAPITAL DURING QUARTER"​.QTRLY ‍NEW LENDING UP 65% COMPARED TO Q1 2017 AT £469.8 MILLION​.  Full Article

Paragon Banking says FY pretax profit rose 1.1 pct
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Paragon Banking Group Plc ::FY PRETAX PROFIT ROSE 1.1 PERCENT TO 144.8 MILLION STG.FINAL DIVIDEND 11 PENCEPER SHARE.TOTAL DIVIDEND 15.7 PENCEPER SHARE.FY ‍UNDERLYING PROFITS ROSE BY 1.0% TO £145.2 MILLION DURING YEAR (2016: £143.8 MILLION)​.‍UK MORTGAGE MARKET IS CURRENTLY FINELY BALANCED AND THERE IS POTENTIAL FOR CONSIDERABLE VOLATILITY​.‍DATA WOULD INDICATE THAT MARKET HAS BEEN MORE ROBUST THAN SOME MEDIA REPORTS WOULD SUGGEST​.‍MORTGAGE TRANSACTIONS HAVE ALSO BEEN ON INCREASE, WITH ADVANCES INCREASING AT A SHARPER RATE THAN HOUSING TRANSACTIONS​.FY ‍UNDERLYING PROFIT ROSE BY 1.0% TO £145.2 MILLION (2016: £143.8 MILLION)​.‍STRENGTH OF FIRST-TIME BUYER SEGMENT, SUPPORTED BY GOVERNMENT'S HELP-TO-BUY SCHEME, IS CLEARLY BOLSTERING HOUSING TRANSACTIONS​.‍HOUSE PRICES ACROSS COUNTRY HAVE SEEN MODEST INCREASES IN PERIOD AND MARKET REMAINS STABLE​.FY ‍EPS UP 6.4% TO 43.1P (2015: 40.5P) AND UNDERLYING ROTE IMPROVED TO 13.4% (2016: 12.9%)​.‍BUY-TO-LET MARKET IN PARTICULAR HAS BEEN DISRUPTED THROUGH A SERIES OF GOVERNMENT AND REGULATORY INTERVENTIONS​.‍FY TOTAL LENDING INCREASED 28.8% TO £1,853.4 MILLION​.FY ‍BUY-TO-LET COMPLETIONS UP 20.6% TO £1,399.9 MILLION​.‍BOARD IS PROPOSING FINAL DIVIDEND OF 11.0 PENCE PER SHARE ​.  Full Article

Paragon Group of Companies confirms name change to Paragon Banking
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - Paragon Group Of Companies Plc :CONFIRMS NAME CHANGE TOOK PLACE ON SEP 21, IS NOW PARAGON BANKING GROUP PLC ‍​.  Full Article

Lender Paragon to buy asset finance brokerage Premier Asset Finance
Monday, 3 Oct 2016 

Paragon Group Of Companies Plc : Further 12 million stg is payable over following five years, subject to performance conditions . Consideration is being paid from Paragon's existing cash resources . Acquisition of premier asset finance limited . Purchase of 10 pct of issued share capital in premier asset finance limited . Business will be acquired by Paragon Bank Plc's asset finance division, Paragon Bank Asset Finance Limited . Regulatory approval has been received for transaction .Initial consideration for purchase is 8.5 million stg, payable in cash.  Full Article

UPDATE 1-UK Stocks-Factors to watch on July 23

July 23 Britain's FTSE 100 index is seen opening 38 points lower at 7,641 on Monday, according to financial bookmakers, with futures down 0.39 percent ahead of the cash market open.