Edition:
United States

Arrow Global Group PLC (ARWA.L)

ARWA.L on London Stock Exchange

350.00GBp
22 Feb 2018
Change (% chg)

0.00 (+0.00%)
Prev Close
350.00
Open
350.00
Day's High
352.00
Day's Low
348.00
Volume
72,669
Avg. Vol
389,788
52-wk High
480.00
52-wk Low
286.00

Latest Key Developments (Source: Significant Developments)

Arrow Global Says Mars Capital Deal Completed
Friday, 1 Dec 2017 02:00am EST 

Dec 1 (Reuters) - Arrow Global Group Plc ::ARROW GLOBAL GROUP PLC - CONFIRMS ACQUISITION OF MARS CAPITAL'S UK AND IRISH MORTGAGE SERVICING BUSINESSES NOW COMPLETED.  Full Article

Arrow Global Group reports increase in revenues of 41 percent
Thursday, 9 Nov 2017 02:06am EST 

Nov 9 (Reuters) - Arrow Global Group Plc interim results for nine months to Sept. 30, 2017::‍Strong organic portfolio purchases, increasing 30 percent to 155.0 million pounds​.‍Revenue growth of 41 percent supported by a 13 percent increase in core collections​.‍Zenith performing well and continuing to increase group's Italian market expertise and build valuable relationships​.‍Attractive outlook for NPL supply across Arrow's markets​.  Full Article

Debt collector Arrow Global's CFO to step down
Wednesday, 18 Oct 2017 02:00am EDT 

Oct 18 (Reuters) - Arrow Global Group Plc :APPOINTMENT OF CHIEF FINANCIAL OFFICER.‍ROB MEMMOTT, WHO HAS BEEN WITH BUSINESS FOR SIX YEARS, HAS DECIDED TO STEP DOWN AS GROUP CHIEF FINANCIAL OFFICER​.‍PAUL COOPER, CURRENTLY CFO OF INTERNATIONAL INSURANCE BUSINESS SOMPO CANOPIUS, WILL REPLACE ROB AS GROUP CFO​.‍COOPER WILL JOIN BOARD WHEN HE STARTS ON 1 JANUARY 2018​.  Full Article

Arrow Global chief says no recent approaches from private equity players for company
Thursday, 31 Aug 2017 03:00am EDT 

Aug 31 (Reuters) - Arrow Global Group Plc :ARROW GLOBAL- CEO SAYS: POST BREXIT, LOT OF SPECULATIVE PRIVATE EQUITY ENQUIRIES FOR LOTS OF UK COMPANIES.ARROW GLOBAL- CEO SAYS: "THERE HAVE BEEN NO APPROACHES (FOR ARROW GLOBAL) IN THE TIME I HAVE BEEN CEO".  Full Article

Arrow Global says proposed acquisition of Mars Capital UK and Ireland and strategic partnership with Oaktree Capital
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - ARROW GLOBAL GROUP PLC ::SAYS PROPOSED ACQUISITION OF MARS CAPITAL'S LEADING UK AND IRISH MORTGAGE SERVICING BUSINESSES (MARS CAPITAL), FOR AN ENTERPRISE VALUE OF £15.5 MILLION.SAYS ACQUISITION IT IS EXPECTED TO COMPLETE IN LATE 2017.SAYS ESTABLISHMENT OF STRATEGIC PARTNERSHIP IN UK AND IRELAND WITH OAKTREE CAPITAL MANAGEMENT, L.P..  Full Article

Arrow Global says H1 underlying profit after tax up 35.5 pct to 25.8 mln pounds
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - ARROW GLOBAL GROUP PLC ::H1 2017 STRONG ORGANIC PORTFOLIO PURCHASES UP 30.3% TO £125.1 MILLION (H1 2016: £96.0 MILLION).H1 UNDERLYING PROFIT AFTER TAX UP 35.5% TO £25.8 MILLION.H1 UNDERLYING BASIC EARNINGS PER SHARE (EPS) INCREASED 35.8% TO 14.8P.INTERIM DIVIDEND OF 3.2P PER SHARE.SAYS A STRONG PIPELINE IN ALL OF OUR CORE MARKETS GIVES US CONFIDENCE TO MEET OUR EARNINGS EXPECTATIONS FOR YEAR.  Full Article

Arrow Global says FY underlying basic EPS increases 28.5 pct
Thursday, 2 Mar 2017 04:26am EST 

Arrow Global Group Plc : Final dividend of 6.4p proposed, bringing total dividends for 2016 to 9.1p per share . FY underlying basic earnings per share (EPS) increased 28.5% to 26.1p . Total revenue for year was £235.9 million, an increase of 42.6% .Expect to complete purchase of Zenith in first half of year.  Full Article

Debt collection firm Arrow Global appoints former Virgin Money CFO as CEO
Wednesday, 7 Dec 2016 02:00am EST 

Arrow Global Group Plc : Appointment of chief executive officer . Tom Drury has decided to step down as group CEO .Lee Rochford, formerly CFO of Virgin Money will replace Tom as group CEO and board director from 3 January 2017..  Full Article

Arrow Global to buy Italy's Zenith Service SpA for 17 mln euros
Tuesday, 6 Dec 2016 02:00am EST 

Arrow Global Group Plc : Transaction is subject to regulatory approval by Bank Of Italy . Acquisition is anticipated to complete in H1 2017 . Acquisition will further expand Arrow's european footprint . Intends to enter Italian market having agreed terms to acquire Zenith Service SpA . Deal for an enterprise value of eur 17m .Acquisition is expected to be earnings neutral after taking into account amortisation of acquisition intangible assets and will be funded in cash from existing resources.  Full Article

Arrow Global Q3 total revenue up 37 percent
Wednesday, 9 Nov 2016 02:04am EST 

Arrow Global Group Plc : Total revenue for period increased to £164.4 million, up 37.0% compared to same period last year. . Adjusted ebitda increased 55.5% to £161.5 million and underlying net income increased 23.7% to £29.1 million. . Following successful integration of our vesting finance business, asset management revenues increased to £31.0 million (2015: £9.2 million). . In q3 we achieved a material improvement in our funding, refinancing our £220 million bond with a coupon reduction of 2.75%. . During period, we saw good opportunities to invest and increased organic portfolio loan acquisitions for year to £119.3 million, of which 51% were in mainland europe. . As part of these activities we incurred pre- tax, non-recurring finance costs of £18.0 million, of which £8.7 million is cash. Group's overall cost of debt is now just 5%. . INcome from asset management up 236.6% to £31.0 million, leading to an increase in adjusted ebitda up 55.5% to £161.5 million (q3 2015: £103.9 million) . ProFit attributable to shareholders of £11.5 million (q3 2015: £20.4 million), including £17.6 million net non-recurring costs .Interim dividend of 2.7p per share (h1 2015: 1.7p).  Full Article

MOVES-Debt collector Arrow Global names Dave Sutherland as COO

Jan 17 Debt purchaser and manager Arrow Global Group PLC said on Wednesday it hired Dave Sutherland for the newly created role of chief operating officer.