Arrow Global Group (ARW)

Sector:

Financials

Index:

FTSE Small Cap

133.80p
   
  • Change Today:
      0.80p
  • 52 Week High: 299.00
  • 52 Week Low: 60.80
  • Currency: UK Pounds
  • Shares Issued: 177.28m
  • Volume: 102,781
  • Market Cap: £237.20m
  • RiskGrade: 369

Arrow Global finalises acquisition of Mars mortgage business

By Iain Gilbert

Date: Friday 01 Dec 2017

LONDON (ShareCast) - (ShareCast News) - Credit management service Arrow Global Group finalised its acquisition of Mars Capital's UK and Irish mortgage servicing business on Friday.
The agreement, proposed on 31 August, has seen Arrow absorb Mars' mortgage unit for £15.5m, a move that the firm said "further strengthens" its UK position in addition to the "strategic entry" afforded to the firm in Ireland.

Lee Rochford, chief executive, said, "Mars Capital now forms an important part of our growing asset management business, and will play a key role in continuing to move capital light revenues towards 30% of the Group's total. The acquisition also adds significantly to our UK secured servicing capabilities and provides a low-cost, strategic entry into Ireland: a new market for Arrow."

As of 1500 GMT, shares had gained 2.54% to 383.75p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARW Market Data

Currency UK Pounds
Share Price 133.80p
Change Today 0.80p
% Change 0.60 %
52 Week High 299.00
52 Week Low 60.80
Volume 102,781
Shares Issued 177.28m
Market Cap £237.20m
RiskGrade 369

ARW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average75.87% above the market average
76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average76.64% above the sector average
Price Trend
26.05% below the market average26.05% below the market average26.05% below the market average26.05% below the market average26.05% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
43.62% above the market average43.62% above the market average43.62% above the market average43.62% above the market average43.62% above the market average
13.92% below the sector average13.92% below the sector average13.92% below the sector average13.92% below the sector average13.92% below the sector average
Growth
3.41% below the market average3.41% below the market average3.41% below the market average3.41% below the market average3.41% below the market average
47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ARW Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 06-Jun-19
Paid 11-Oct-19 12-Jul-19
Amount 4.40p 8.70p

Trades for 26-Oct-2020

Time Volume / Share Price
12:53 129 @ 133.80p
12:53 92 @ 133.80p
12:32 2,467 @ 134.20p
11:50 5 @ 135.60p
11:49 2,178 @ 134.20p

Top of Page