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United Kingdom

Paragon Banking Group PLC (PARA.L)

PARA.L on London Stock Exchange

415.00GBp
16 Jan 2019
Change (% chg)

7.20 (+1.77%)
Prev Close
407.80
Open
415.60
Day's High
416.80
Day's Low
407.20
Volume
269,663
Avg. Vol
477,866
52-wk High
558.50
52-wk Low
379.20

Latest Key Developments (Source: Significant Developments)

Paragon Banking Group FY Pretax Profit Rose 25.3 Percent To 181.5 Million Stg
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Paragon Banking Group PLC ::FY PRETAX PROFIT ROSE 25.3 PERCENT TO 181.5 MILLION STG.FY UNDERLYING PROFIT BEFORE TAX INCREASED BY 7.8% TO £156.5 MILLION.FY NET INTEREST MARGIN INCREASED BY 8 BASIS POINTS TO 2.21% (2017: 2.13%).DIVIDEND PER SHARE UP BY 23.6% TO 19.4P (2017: 15.7P), IN LINE WITH POLICY ANNOUNCED IN NOVEMBER 2017.FY BUY-TO-LET LENDING PIPELINE UP 28.9% TO £778.9 MILLION (2017: £604.2 MILLION).PARAGON - ENTERS 2019 WITH A STRONG NEW BUSINESS PIPELINE, IS WELL POSITIONED IN ITS CHOSEN MARKETS AND EQUIPPED WITH HIGH LEVELS OF LIQUIDITY.PARAGON- DESPITE POTENTIAL FOR ECONOMIC UNCERTAINTIES ARISING FROM BREXIT AND ELSEWHERE, GROUP REMAINS CONFIDENT OF ITS FUTURE PROSPECTS.SEEKS TO MITIGATE ITS EXPOSURE TO BREXIT THROUGH A ROBUST APPROACH TO PROPERTY VALUATION.  Full Article

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

Ex-divs to take 6.6. points off FTSE 100 on Jan 10

LONDON, Jan 7 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 6.6 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) BHP Group 102 (USc)