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British lender Paragon Banking Group Plc said on Friday that its trading performance was in line with its view in its first quarter. New lending across the business for the quarter to December 31 was £610.7 million ($660.8 million) compared to £861.7 million in the first quarter of the prior year. The company said its fiscal year 2024 guidance for margins, new business flows, operating costs and return on tangible equity remain unchanged, although margins are currently running slightly ahead of expectations. Paragon anticipates the release of half-year results for the six months ending March 3…

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