Company
Close Brothers Group PLC
LON:CBG
Close Brothers is a specialist financial services group which makes loans, trades securities and provides advice and investment management solutions to a wide range of clients. Close Brothers’ Banking division provides specialist lending to small and medium-sized businesses and individuals across a diverse range of asset classes, and also offers deposit taking services. The Securities division provides trading services to retail brokers and institutions principally through Winterflood, a leading market-maker in the UK. The Asset Management division provides a full range of advice, investment management and self-directed services to private, institutional and corporate clients and professional advisers. Close Brothers was established in 1878 and today employs over 2,500 people, principally in the UK.
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Consumer confidence and retail sales to highlight shoppers mood
Close Brothers and The Works are scheduled company announcements
Close Brothers reports slight growth in banking loan book
In a trading update, the group said the loan book in its banking division grew to £9.13bn at end-October from £9.10bn at the end of July, reflecting continued demand in the commercial businesses, although new business volumes in motor finan
Close Brothers profits dip more than expected
The market-facing business of asset management and market-making both were hit by the volatile conditions
Close Brothers, Card Factory and United Utilities in Tuesday spotlight
Its set to be another busy day as the countdown to the quarter end.
Close Brothers results commentary may need adjusting after govt and BoE spark market carnage
“The key focus within the results, we think, will be the outlook for credit quality in the bank’s diverse range of asset-backed interest margin segments,” said UBS in a preview
Winterflood Securities bids farewell to long-serving boss
Known by its dealing screen abbreviation WINS by many in the City, the business is owned by Close Brothers
Lenders to mop up in Europe if there’s a downturn
After a period of sustained low interest rates since the financial crash of 2008, the Bank of England and European Central Bank have both raised interest rates to combat high inflation
Close Brothers sees some recovery in trading income at Winterflood
The trading update was a bit of a mixed bag but the share price rose nonetheless
UK retail sales tipped to fall in December as Omicron hesitance holds sway
As per usual, it is a light corporate agenda on Friday with trading statements from Big Yellow and Close Brothers the pick of a small bunch
Storming performance from market-maker Winterflood lifts Close Bros
"Winterflood's year-to-date operating profit is ahead of the level achieved in the whole of the 2020"
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FTSE 100 ends just below the flatline; Nasdaq leads Wall Street regression from strong open
London's leading index lost just 2 points on Friday
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Retail sales recovery expected to lose a bit of steam
Economists have pencilled in a figure of 4.5% for the growth in UK retail sales in April, which would represent a slowdown in growth from March’s 5.4% increase.
Close Brothers reports continued strong trading in past quarter
“The impact of Covid-19, the additional restrictions in the UK, Brexit, and the end of the government support schemes on loan book growth and credit performance is still highly uncertain,” the group said
Close Brothers declares dividend as banking profits tumble but rise at Winterflood
Banking profits fell 61% and in asset management they were down 6% but at market maker Winterflood they rose 140%
Close Bros makes banking impairments for coronavirus, but market making booms
Having cancelled its 2020 interim dividend in April, the board pledged to consider the payment of a full year dividend in September
Investments and investor services
Close Brothers delivers growth despite mixed trading conditions
Close Brothers said its loan book rose 5.1% and managed assets gained 9% in the year to date
Investments and investor services
FTSE 100 closes in positive territory as US stocks continue strong showing
FTSE 100 up nearly 16 points at the closing bell, US stocks in the green at midday New York trading
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Big Yellow investors hope for rebound in first quarter after muted end to 2019
The day ahead includes trading updates from Big Yellow and Close Brothers
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easyJet tipped to warn on profits amid challenging short-haul airlines market
It looks set to be a busy week of corporate announcements and UK economic data
Close Bros. expects to report solid full-year results having delivered a solid third quarter performance
The financial services firm said its loan book increased by 1.5% in the quarter to £7.5bn, up slightly from the £7.4bn seen at the end of its second quarter, predominantly driven by Commercial and Property loans
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FTSE 100 closes slightly ahead but Wall Street shares slide
The Footsie closed out at 7,334 - up around five points, while mid-cap index was firmly lower- down 129 points at 19,307
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Inflation figures to lead macro news on Wednesday, Royal Mail braces for full year figures
Economists are expecting the consumer price index to be well below the recent growth in average earnings at around 1.8% year-on-year in April
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
FTSE 100 edges higher ahead of big Brexit vote
"It’s over. The deal and perhaps May’s premiership. The DUP & the ERG & Cox have seen to that. What’s extraordinary is that no-one knows what happens next," tweeted the BBC's Nick Robinson
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If Theresa's May's plan is voted down again, the Brexit can might be kicked further down the road
Tuesday will also bring the latest UK GDP growth data, a day ahead of the Chancellor's Spring Statement, as well as results from Domino's Pizza, G4S, and Cairn Energy
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
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FTSE 100 finishes in red as China growth worries hit global equities
Top laggard on Footsie was oil services giant Wood Group, which shed 4.09% to 524.80p
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Eyes on Dixons Carphone guidance as it delivers trading update on Tuesday
Dixons Carphone and Cairn Energy will be among Tuesday's highlights.
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Sage Group names experienced finance boss Jonathan Howell as its chief financial officer from 10 December
Howell was most recently been group finance director of Close Brothers Group for 10 years, and prior to that, was CFO of the London Stock Exchange Group
Investments and investor services
FTSE 100 closes marginally higher as PM May defends draft Brexit deal
The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
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Royal Mail profit warning and management changes to overshadow first half results
The day ahead includes first half results from Royal Mail and a third quarter trading update from Bovis Homes
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Housebuilders to take centre stage again after Persimmon boss drama
The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
FTSE 100 closes day higher, boosted by rise in crude
Brent crude is up over 3% at $81.50 a barrel at the time of writing..
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Summer sun hoped to have shone on Next interims, but will full-year guidance still be maintained?
Aside from Next's latest update, the Day Ahead will also bring trading news from water and power supplier United Utilities and results from fizzy drinks maker AG Barr
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US interest rate hike eyed, as retailers, tour operators and utilities provide updates in coming week
Aside from the latest Federal Reserve policy meeting, the week ahead will bring updates from the likes of Next, Thomas Cook, TUI, United Utilities, and Pennon
Close Brothers exits point of sale loan space
The business had a loan book of £66mln at 31 July
Close Brothers reports solid performance as financial year draws to close
The FTSE 250 merchant bank said it had performed well across all divisions, with the banking division increasing its loan book 6.6% over the 11 months to £7.3bn
Investments and investor services
FTSE 100 closes higher, bolstered by sterling's fall; rate rise doubts
The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
As Ryanair's struggles continue can easyjet look to the blue skies?
Easyjet and Severn Treant are among the key names in the diary for Wednesday.
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Week ahead: Investors hope Royal Mail delivers the goods and Unilever meets targets
The week ahead includes updates from Royal Mail, Unilever, Sports Direct, Rio Tinto and Anglo American along with official UK data on jobs, inflation and retail sales