Paragon Banking interim profits hit by coronavirus loss provision
“At this stage, it is difficult to predict when lending markets will return to normality”
Company
Paragon Banking Group PLC
LON:PAG
The Paragon Banking Group PLC is one of the United Kingdom's largest providers of mortgages and personal loans.
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Paragon Banking on track to meet 2019 targets as new lending grows
The lender said its net interest margin continues to improve as it tackles tough competition in the mortgages market.
Investments and investor services
FTSE 100 closes higher as Boris Johnson gets keys to Number 10
London's index of leading shares spent the day in positive territory but gave back gains towards the close
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Regulatory clamp-down set to dent revenues at trading platform IG
A couple of other big names, including SEGRO, PZ Cussons and Paragon, are also set to release results on Tuesday
CYBG upgraded by RBC after unveiling plan to rename itself Virgin Money
RBC raised its recommendation on CYBG to ‘outperform’ from ‘sector perform’ and maintained its target price at 250p.
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FTSE 100 closes slightly ahead but Wall Street shares slide
The Footsie closed out at 7,334 - up around five points, while mid-cap index was firmly lower- down 129 points at 19,307
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Inflation figures to lead macro news on Wednesday, Royal Mail braces for full year figures
Economists are expecting the consumer price index to be well below the recent growth in average earnings at around 1.8% year-on-year in April
Paragon Banking reports jump in new lending, led by demand from professional landlords
“We remain confident in the outlook, but will maintain our capital, liquidity and broader risk disciplines in case the external operating environment should deteriorate,” chief executive Nigel Terrington said
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Quality and quantity on the company news front, but Brexit vote, Fed rates, US jobs to be key
The cream of the corporate updates will likely come from blue-chips BT Group, Royal Mail, Royal Dutch Shell, Unilever and Diageo
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Paragon Banking Group "offers attractive yield and increasing profitability"
There is very little sign of any credit deterioration in the UK or, indeed, buy-to-let lending, according to RBC Capital Markets, which has initiated coverage on the lender
Lloyds, RBS lead banks lower after UK court ruling raises threat of huge new PPI bill
The case at Manchester county court, involving a couple, Christopher and Joanne Doran, against Paragon Personal Finance, revolved around the issue of commission paid
Alexander Mining shares rise as it gets patent for leaching technology in Chile
A look at some of the top risers and fallers in London on Tuesday
Paragon Banking splashes out around £274mln to diversify business into other specialist lending markets
The FTSE 250-listed firm is paying around £48mln to acquire Titlestone Property Finance Limited, a leading provider of residential development finance
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
Paragon Banking Group confirms possible acquisition of Titlestone
The FTSE 250 buy-to-let property lender said there was no certainty of an agreement being reached nor the terms of such an agreement but that it would update when appropriate
Investments and investor services
FTSE 100 finishes higher but miners weigh
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
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Consolidation and improving market conditions to lift trading at discount airline easyJet
Day ahead includes trading updates from easyJet PLC, Cairn Energy PLC, Marston's PLC, Pets at Home PLC, plus interim results from IG Group PLC