Paragon to Return Pounds 26m

Birmingham PostMay 26, 2005

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Summary


Paragon, the Solihull-based specialist mortgage lender, is to return pounds 26 million to shareholders in the form of a share buy- back and an increased interim dividend.

The move comes as the group, many of whose borrowers are professional landlords, signalled that the buy-to-let market was coming back to life.

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Paragon to Return Pounds 26m

It announced yesterday that it planned to repurchase up to pounds 20 million-worth of shares and also proposes inc...

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