Close Brothers to sell retail point of sale finance business to Klarna
14th Sep 2018 07:16
(Sharecast News) - Close Brothers has announced the sale of its retail point of sale finance business, Close Brothers Retail Finance, to Swedish payment solutions group Klarna for an undisclosed sum.
Read moreWednesday broker round-up
1st Feb 2017 15:33
(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2
Read moreClose Brothers confident over outlook, reports loan book growth
20th Jan 2017 07:33
(ShareCast News) - FTSE 250 merchant bank Close Brothers expressed confidence over its full-year results as it reported growth in its loan book. In the five months to the end of December, the loan book was up 2.3% to £6.6bn, driven by good growth, particularly in the premium finance and property bus
Read moreFriday preview: UK retail sales data, China GDP
19th Jan 2017 14:36
(ShareCast News) - UK retail sales data will be under the microscope on Friday amid worries that an increase inflation and Brexit uncertainty will deter shoppers. Economists estimate the Office for National Statistics will reveal retail sales fell 0.4% month-on-month in December after a 0.5% rise in
Read moreLiberum initiates coverage of challenger banks, prefers OneSavings
13th Dec 2016 10:09
(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch
Read moreClose Bros hails 'very good' start to year on banking, Winterflood strength
17th Nov 2016 07:39
(ShareCast News) - FTSE 250 merchant bank Close Brothers said on Thursday that it has made "a very good start to the year", mainly on the back of strength in its banking division and higher trading income in market maker Winterflood. In a trading update for the first quarter from 1 August to 31 Octo
Read moreMonday broker round-up
17th Oct 2016 10:15
(ShareCast News) - Coca Cola Hellenic: Jefferies keeps at buy with a target price of 2100p. Jupiter Fund Management: Societe Generale downgrades to hold, 490p target. Aveva: Barclays keeps at equal-weight with a 1450p target. Arrow Global: Numis upgrades to buy with a 405p target. Close Brothers
Read moreTuesday broker round-up
11th Oct 2016 14:54
(ShareCast News) - Easyjet: Deutsche Bank keeps at hold with a target price of 1000p. BP: HSBC reiterates buy, 570p target. Petrofac: Credit Suisse keeps at outperform with a 1100p target. British American Tobacco: Jefferies reiterates buy with a 6000p target. Royal Dutch Shell: HSBC keeps at bu
Read moreWednesday broker round-up
28th Sep 2016 12:15
(ShareCast News) - Close Brothers Group: Barclays reiterates overweight with a target price of 1500p. Royal Dutch Shell: HSBC keeps at buy, 2050p target. William Hill: Deutsche Bank keeps at buy with a 390p target. The Restaurant Group: Berenberg reiterates hold with a 350p target. Astrazeneca: D
Read moreClose Brothers operating profit up, but shares fall
27th Sep 2016 09:22
(ShareCast News) - Close Brothers posted its preliminary results for the year to 31 July on Tuesday, with adjusted operating profit up 4% to £233.6m, and adjusted basic earnings per share up 7% to 128.4p. The FTSE 250 firm's board proposed a dividend per share of 57p, a 7% increase on last year's 53
Read moreRBC ups targets on specialty lenders due to UK economic resilience
23rd Sep 2016 08:34
(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While
Read moreClose Brothers trades well despite Brexit concerns
21st Jul 2016 09:33
(ShareCast News) - Close Brothers Group released its scheduled pre-close trading update ahead of its 2016 financial year-end on Thursday, updating the market on the five months to 30 June. The FTSE 250 firm said it has continued to perform well in the five months to 30 June, and remained confident i
Read moreFTSE 250 movers: house builders in focus as mid caps sour
4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
Read moreLondon pre-open: Stocks set to rebound from Fed-fuelled losses
20th May 2016 07:31
(ShareCast News) - London stocks were expected to open in the black on Friday, bouncing back from the Fed-fuelled losses of the previous session. The FTSE 100 was seen starting 57 points higher than Thursday's close at 6,110. "While US markets did finish the day lower yesterday they did at least ma
Read moreClose Bros delivers improved Q3 performance
20th May 2016 07:05
(ShareCast News) - Financial services group Close Brothers said it delivered an improved third quarter performance, with good loan book growth, tighter cost control and better market conditions for its market making unit Winterflood. It added that it was confident of "delivering a satisfactory outco
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