Paragon Banking (PAG) expects a 7p uplift in earnings per share for 2018 after distressed debt purchaser Idem Capital disposed of a portfolio of wholesale-funded assets at a premium. The shares closed the day trading 4 per cent up on the news. However, underlying profits remain in line with management expectations.
IC TIP:
Buy
at
476p
Buy-to-let lending momentum continued, with the pipeline at the end of September up a quarter on the prior year. The specialist lender continued to its shift towards catering to professional landlords, which accounted for 90 per cent of applications during the year.
