Edition:
United Kingdom

Paragon Banking Group PLC (PARA.L)

PARA.L on London Stock Exchange

400.00GBp
16 Nov 2018
Change (% chg)

-6.40 (-1.57%)
Prev Close
406.40
Open
405.40
Day's High
409.20
Day's Low
397.80
Volume
491,136
Avg. Vol
488,337
52-wk High
558.50
52-wk Low
397.80

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

Exclusive: Britain's Paragon will not appeal landmark PPI case ruling

LONDON Britain's Paragon Banking Group said it will not appeal a ruling forcing it to pay compensation over the mis-selling of a payment protection insurance (PPI) premium, in a key case in Britain's costliest consumer scandal.