Edition:
United Kingdom

Paragon Banking Group PLC (PARA.L)

PARA.L on London Stock Exchange

491.80GBp
18 Jan 2018
Change (% chg)

5.40 (+1.11%)
Prev Close
486.40
Open
486.20
Day's High
492.20
Day's Low
482.80
Volume
192,454
Avg. Vol
770,863
52-wk High
515.50
52-wk Low
399.00

Latest Key Developments (Source: Significant Developments)

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

Paragon Group of Companies trading in line with expectations
Friday, 29 Jul 2016 

Paragon Group Of Companies Plc : In line with management's expectations . Pipeline at 30 June 2016 stood at £339.0 million compared to £350.6 million at start of quarter . Capital ratios remain strong, with its CET1 and leverage ratios standing at 16.2% and 6.7% respectively at end of June . There is potential for further disruption following referendum vote, although it is too early for scale of this to be determined . Q3 pretax profit rose 9 percent to 106.3 million stg . Trading update . Underlying operating profits (before fair value items and acquisition related costs) were £109.9 million, 12.1% higher . Group's loan portfolios have maintained their strong performance in credit, profit and in cash flow . Buy-To-Let lending for nine months to 30 June 2016 was £989.6 million, 21.2% higher . New lending levels slowed during Q3 to £166.0 million . Disruptions to market caused by combination of stamp duty changes and uncertainty in run up to referendum . Redemption rate reduced in Q3 and is now trending more in line with longer term expectations. .Expects to deliver profits for 2016 financial year in line with management's expectations.  Full Article

Paragon Group says to repurchase shares
Friday, 15 Jul 2016 

Paragon Group Of Companies Plc :Announces it has commenced, through UBS Limited, an irrevocable, non-discretionary programme to purchase shares on its own behalf.  Full Article

Ex-divs to take 0.83 points off FTSE 100 on Jan 4

LONDON, Jan 2 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 0.84 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) BR LAND 6.02