Kensington Group Plc.

News & Analysis

kensington group plc. - All News and Analysis

• At home in the risky world of mortgages

  - 2007-07-21

  5am The Devil's Punchbowl - a beauty spot on the Surrey/Hampshire border - has been listed as a "man-made wonder" by the BBC. The nearby Hindhead traffic lights on the A3 could equally be described as a man-made horror. To avoid the inevitable traffic snarl-ups they cause...

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• Kensington Group sinks into the red

  - 2007-07-13

  Kensington Group said yesterday that trading remained challenging as the troubled lender plummeted into the red with a [pound]10.2m first-half pre-tax loss. While the loss was primarily made up of [pound]36.2m of one- offs, its results deteriorated to a profit of [pound]26.1m against [pound]28.4m, even if those...

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• Kensington Group in second profit warning

  - 2007-04-12

  Shares in Kensington Group tumbled yesterday after the mortgage lender issued its second profit warning in a month. The company said it was facing continued uncertainties and that annual profits would miss City forecasts. Kensington's mortgage book fell to [pound]6.9bn from [pound]7.2bn.

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• WINNERS AND LOSERS

  - 2007-03-25

  Stephen Schwarzman, head of Blackstone Group, is about to become one of the richest men on the planet. On paper at least. The New York private equity giant unveiled a plan last week to raise $4bn ([pound]2.1bn) in a float that would value that whole group at up to $40bn....

  Tags: Blackstone Group LP, Citigroup Inc., Kensington Group Plc.

• Kensington shares leap as sale of mortgage provider looms

  - 2007-02-20

  Shares in Kensington Group, the specialist mortgage lender, leapt as much as 17 per cent yesterday as shareholders anticipated an imminent bid for the group. Responding to reports over the weekend, which suggested a number of investment banks were eyeing the company, Kensington issued a short statement...

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• Kensington profits hit by competition

  - 2006-11-23

  Shares in Kensington Group plunged yesterday as the specialist mortgage lender admitted its profits were being squeezed by "intense" competition from both established and new rivals. Kensington was also hurt by fresh concerns over house prices sparked by influential Morgan Stanley economist David Miles, who voiced fears...

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• Surge in bad debts takes toll on Kensington Group

  - 2006-07-13

  Shares in the mortgage company Kensington Group, which specialises in lending to people with poor credit histories, plummeted almost 14 per cent yesterday, as it revealed a doubling of its bad debts, and warned of increasing competition in the specialist lending market. The warnings overshadowed news of a 24 per...

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• Kensington confident of mortgage growth

  - 2004-01-28

  KENSINGTON GROUP, the mortgage lender, reported bumper profits yesterday as borrowers took advantage of record low interest rates. John Maltby, the chief executive, was confident yesterday that this growth in the mortgage sector would continue, despite expectations that interest rates are set to rise. ...

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• Turning bad credits into profits.(Brief Article)

  - 2001-08-01

  If your image of sub-prime is of penal interest rates and unsavoury collection methods, think again. The sector is on its way to respectability and boosting banking profits. MORTGAGE BANKS everywhere hear the news: ex-bankrupt businesspeople, struggling divorcees, freelancers and the self-employed are...

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• Kensington Group defends `unusual' accounting

  - 2000-11-26

  CITY ANALYSTS and investors have expressed concern about unusual accounting practices used by Kensington Group, the specialist mortgage lender, which floated last week with a valuation of pounds 130m. The finance house, which is chaired by former Abbey National boss Peter Birch, lends to people who have...

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