Edition:
United Kingdom

Close Brothers Group PLC (CBRO.L)

CBRO.L on London Stock Exchange

1,388.00GBp
14 Jun 2019
Change (% chg)

-22.00 (-1.56%)
Prev Close
1,410.00
Open
1,418.00
Day's High
1,418.00
Day's Low
1,387.00
Volume
188,810
Avg. Vol
243,497
52-wk High
1,682.00
52-wk Low
1,348.65

Latest Key Developments (Source: Significant Developments)

Close Brothers HY Loan Book Grows 3.1 Pct, Managed Assets Fall
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Close Brothers Group PLC ::SCHEDULED TRADING UPDATE.BANKING DIVISION HAS CONTINUED TO PERFORM WELL AND IN LINE WITH EXPECTATIONS FOR HY.LOAN BOOK GREW 3.1% IN PERIOD TO £7.5 BILLION.WINTERFLOOD CONTINUED TO DELIVER PROFITABILITY, BUT VOLUMES AND TRADING INCOME SIGNIFICANTLY LOWER THAN PRIOR YEAR.EXPECT A SOLID OUTCOME FOR FIRST HALF, AND REMAIN WELL POSITIONED FOR REMAINDER OF FINANCIAL YEAR.3% DECLINE IN MANAGED ASSETS TO £10.0 BILLION AT 31 DECEMBER 2018.  Full Article

Close Brothers Qtrly Loan Book Up 1.9 Pct
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Close Brothers Group PLC ::SCHEDULED TRADING UPDATE.LOAN BOOK INCREASED 1.9% IN QUARTER TO £7.4 BILLION.QTRLY NET INTEREST MARGIN REMAINED BROADLY IN LINE WITH 2018 FINANCIAL YEAR.REMAIN WELL POSITIONED FOR REMAINDER OF FINANCIAL YEAR.NEGATIVE MARKET MOVEMENTS RESULTED IN A SLIGHT DECLINE IN MANAGED ASSETS TO £10.2 BILLION AT 31 OCTOBER 2018.DECREASE IN TOTAL CLIENT ASSETS TO £11.9 BILLION AT OCT 31 FROM £12.2 BILLION AT 31 JULY 2018.  Full Article

Prudential Cuts Stake In Close Brothers To 5.42 Pct From 6.58 Pct-Filing
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Close Brothers Group PLC ::PRUDENTIAL PLC CUTS STAKE IN CLOSE BROTHERS TO 5.42 PERCENT FROM 6.58 PERCENT-FILING.  Full Article

Close Brothers Disposes Retail Finance Business To Sweden's Klarna Bank
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Close Brothers Group PLC ::DISPOSAL OF RETAIL POINT OF SALE FINANCE BUSINESS.DISPOSAL OF RETAIL POINT OF SALE FINANCE BUSINESS.ANNOUNCES SALE OF CLOSE BROTHERS RETAIL FINANCE.FINANCE BUSINESS HAD A LOAN BOOK OF £66 MILLION AT 31 JULY 2018.SALE OF CLOSE BROTHERS RETAIL FINANCE TO SWEDISH PAYMENT SOLUTIONS GROUP KLARNA BANK AB.  Full Article

Close Brothers Says Continue To Expect Good Result For Full Year, In Line With Market Expectations
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Close Brothers Group PLC ::GROUP HAS CONTINUED TO PERFORM WELL ACROSS ALL DIVISIONS, CONSISTENT WITH OUR Q3 TRADING UPDATE.LOAN BOOK GREW 6.6% YEAR TO DATE, TO £7.3 BILLION AS AT 30 JUNE 2018 (31 JULY 2017: £6.9 BILLION).FOR 11 MONTHS TO JUNE END COMMERCIAL AND PROPERTY BOTH DELIVERED GOOD GROWTH, WHILE RETAIL LOAN BOOK REMAINED BROADLY FLAT.MANAGED ASSETS INCREASED 14% TO £10.2 BILLION AT 30 JUNE 2018 (31 JULY 2017: £8.9 BILLION).TOTAL CLIENT ASSETS GREW 8% TO £12.0 BILLION AT 30 JUNE 2018 (31 JULY 2017: £11.2 BILLION).BAD DEBTS REMAINED LOW ACROSS ALL BUSINESSES, WITH NO SIGNIFICANT CHANGE TO BAD DEBT RATIO ON FIRST HALF.CONTINUE TO EXPECT A GOOD RESULT FOR FULL YEAR, IN LINE WITH MARKET EXPECTATIONS.FOR 11 MONTHS TO JUNE END WINTERFLOOD DELIVERED A GOOD PERFORMANCE SUPPORTED BY CONTINUED HIGH LEVELS OF TRADING ACTIVITY.EXPECT A FULLY LOADED IMPACT OF 45 TO 55 BASIS POINTS ON COMMON EQUITY TIER 1 RATIO.IMPACT IN YEAR ONE OF IFRS 9 IS EXPECTED TO BE IMMATERIAL UNDER EBA'S TRANSITIONAL ARRANGEMENTS.  Full Article

Close Brothers Group Says H1 Adjusted Operating Profit Up 6 Pct To 142.3 Mln Pounds
Tuesday, 13 Mar 2018 

March 13 (Reuters) - Close Brothers Group Plc ::H1 ADJUSTED OPERATING PROFIT ROSE 6 PERCENT TO 142.3 MILLION STG.INTERIM DIVIDEND UP 5 PERCENT TO 21 PENCEPER SHARE.H1 LOAN BOOK GREW BY 1.7% TO £7.0 BILLION, UP 7% YEAR ON YEAR,.WE HAVE SEEN NO SIGNIFICANT CHANGE IN TRADING CONDITIONS SINCE PERIOD END.SAYS ‍HAVE SEEN NO SIGNIFICANT CHANGE IN TRADING CONDITIONS SINCE PERIOD END AND REMAIN WELL POSITIONED TO DELIVER A GOOD RESULT FOR FULL YEAR​.H1 NET INTEREST MARGIN OF ‍8.2​ PERCENT VERSUS 8.2 PERCENT YEAR AGO IN BANKING DIVISION.H1 AVERAGE LOAN BOOK AND OPERATING LEASE ASSETS OF ‍7,131.1​ BILLION STG VERSUS 6.66 BILLION STG YEAR AGO IN BANKING DIVISION.H1 BAD DEBT RATIO OF ‍0.7​ PERCENT VERSUS 0.5 PERCENT YEAR AGO IN BANKING DIVISION.  Full Article

Close Brothers Group Says "Confident" Of Delivering Increase In Profit In H1
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Close Brothers Group Plc ::‍PERFORMANCE SINCE START OF FINANCIAL YEAR HAS REMAINED GOOD, WITH ALL THREE DIVISIONS AHEAD OF EXPECTATIONS​.MANAGED ASSETS INCREASED 8.2% TO £9.6 BILLION OVER FIVE MONTHS TO 31 DEC. 2017 (31 JULY 2017: £8.9 BILLION).CLOSE BROTHERS - FIVE MONTHS ENDED DEC 31 ‍BANKING DIVISION GENERATED STRONG RETURNS AND PROFIT GROWTH DURING PERIOD, WITH STABLE NET INTEREST MARGIN​.‍FIVE MONTHS ENDED DEC 31 LOAN BOOK WAS UP 2.6% OVER PERIOD AND 7.3% YEAR ON YEAR AT £7.1 BILLION​.CONFIDENT OF DELIVERING INCREASE IN PROFIT IN H1, REMAIN WELL POSITIONED FOR FULL 2018 FINANCIAL YEAR.FIVE MONTHS ENDED DEC 31 ‍WINTERFLOOD CONTINUED ITS GOOD PERFORMANCE WITH TRADING ACTIVITY REMAINING HIGH​.  Full Article

Close Brothers- Announces Programme To Purchase Shares Worth 7.4 Million Stg
Thursday, 30 Nov 2017 

Close Brothers Group Plc ::CLOSE BROTHERS GROUP PLC - ‍PROGRAMME TO PURCHASE SHARES WITH AN AGGREGATE MARKET VALUE EQUIVALENT TO £7.4 MILLION, WILL COMMENCE ON 30 NOVEMBER 2017​.CLOSE BROTHERS GROUP PLC - PURPOSE OF SHARE PURCHASE IS TO MEET FUTURE OBLIGATIONS ARISING FROM GROUP'S ALL-EMPLOYEE SHARE OPTION SCHEMES.CLOSE BROTHERS- ANNOUNCES PROGRAMME TO PURCHASE SHARES WORTH 7.4 MILLION STG.  Full Article

British lender Close Brothers' Q1 boosted by banking unit, market maker
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Close Brothers Group Plc :QTRLY ‍LOAN BOOK INCREASED 1.4% IN PERIOD TO £7.0 BILLION (31 JULY 2017: £6.9 BILLION)​.CLOSE BROTHERS GROUP PLC - ‍HAS MADE A GOOD START TO YEAR WITH CONTINUED STRONG PROFITABILITY ACROSS ALL THREE DIVISIONS​.CLOSE BROTHERS GROUP PLC - ‍WINTERFLOOD BENEFITED IN Q1 FROM CONTINUED RETAIL INVESTOR TRADING ACTIVITY​.CLOSE BROTHERS GROUP PLC - ‍REMAIN WELL POSITIONED FOR REMAINDER OF FINANCIAL YEAR​.SAYS ‍BOTH NET INTEREST MARGIN, BAD DEBT RATIO REMAINED IN LINE WITH LAST FINANCIAL YEAR.QTRLY ‍MANAGED ASSETS INCREASING 6.5% TO £9.5 BILLION (31 JULY 2017: £8.9 BILLION)​.  Full Article

Close Brothers Group posts FY adjusted operating profit of 264.8 mln pounds
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - CLOSE BROTHERS GROUP PLC ::FY ADJUSTED OPERATING PROFIT ROSE 9 PERCENT TO 243.5 MILLION STG FOR BANKING .FINAL DIVIDEND 40 PENCEPER SHARE.TOTAL DIVIDEND UP 5 PERCENT TO 60 PENCEPER SHARE.‍BANKING DELIVERED ADJUSTED OPERATING PROFIT OF £243.5 MILLION, UP 9% ON PRIOR YEAR, WITH STABLE NET INTEREST MARGIN AND CONTINUED LOW IMPAIRMENTS​.FY ADJUSTED OPERATING PROFIT 264.8 MILLION STG VERSUS 234 MILLION STG YEAR AGO.LOAN BOOK AT 31 JULY 6.9 BILLION STG VERSUS 6.4 BILLION STG A YEAR EARLIER.‍INCREASE IN BANKING PROFIT WAS DRIVEN BY PROPERTY FINANCE, WITH FY OPERATING PROFIT GROWTH OF 24%​.FY COMMON EQUITY TIER 1 RATIO 12.6 PERCENT VERSUS 13.5 PERCENT A YEAR EARLIER.FY ‍ADJUSTED OPERATING PROFIT IN COMMERCIAL FINANCE WAS UP 4%, WHILE RETAIL FINANCE WAS BROADLY FLAT​.‍WINTERFLOOD REPORTED OPERATING PROFIT OF £28.1 MILLION, ALMOST 50% HIGHER THAN PRIOR YEAR, REFLECTING STRONG RETAIL INVESTOR TRADING ACTIVITY​.‍ASSET MANAGEMENT CONTINUED TO MAKE GOOD PROGRESS WITH ADJUSTED OPERATING PROFIT OF £17.4 MILLION AND GOOD NET INFLOWS, AT 9% OF OPENING MANAGED ASSETS​.‍UK ECONOMY REMAINED RELATIVELY STABLE THROUGHOUT YEAR​.‍INTEREST RATES REMAINED LOW, SUPPORTING CONTINUED LOW IMPAIRMENTS, AND SUPPLY OF CREDIT REMAINS ABUNDANT​.‍LONGER-TERM ECONOMIC OUTLOOK AND IMPACT OF BREXIT ON OUR CUSTOMERS AND WIDER MARKETS REMAIN UNCERTAIN​.  Full Article

UK Stocks-Factors to watch on May 22

May 22 Britain's FTSE 100 index is seen opening 21 points higher at 7,350 on Wednesday, according to financial bookmakers. * BHP: Global miner BHP Group on Wednesday said it plans to expand its nickel sulphide operations amid an expected boom in demand for the material in electric vehicle batteries. * ACACIA: Canadian miner Barrick Gold Corp said on Tuesday it has proposed to acquire all of the shares it does not already own in Acacia Mining Plc through a share-for-s