Friday preview: Winterflood in focus at Close Brothers
19th Jan 2012 16:28
Close Brothers, the banking, securities and asset management firm, issues a trading update on Friday, and followers of the company will be keen to see whether fortunes have picked up for its Securities division. During the quarter from 1 August 2011 to 31 October the group continued to see good de
Read moreSABMiller new recruit buys first round of shares
25th Nov 2011 14:39
Lesley Knox, a non-executive director at SABMiller, the multi-national lager brewing company, has snapped up £63,225-worth of shares in the firm. Knox, 58, is a new recruit to SABMiller, and is also the chairwoman of Alliance Trust and the Grosvenor Group. Earlier today, the company announced th
Read moreThursday broker round-up - UPDATE
24th Nov 2011 09:48
Weir: Peel Hunt upgrades from hold to buy, target cut from 2,100p to 2,000p. Weir: Investec maintains buy rating and 2,250p target. Compass: Panmure Gordon raises target from 643p to 658p, buy rating unchanged. Smith & Nephew: Panmure Gordon cuts target from 750p to 640p, buy rating kept. Dixons
Read moreClose Brothers hit by market conditions
17th Nov 2011 13:24
Close Brothers, the banking, securities and asset management firm, has been affected by difficult market conditions for the Securities division. During the quarter from 1 August 2011 to 31 October the group continued to see good demand for its lending services and delivered another strong performa
Read moreLondon close: Stocks soar as euro talks proceed
27th Sep 2011 16:33
The top share index surged in early dealings and continued heading higher towards the close amid optimism that European leaders will get to grips with the euro crisis. Talks are still ongoing about an expansion of the European Financial Stability Fund, with conflicting signals over whether an agree
Read moreLondon midday: Stocks advance on Euro hopes
27th Sep 2011 12:00
Stocks have built on their early morning gains as optimism that some kind of end to the Eurozone crisis is in sight continues. Talks are still ongoing about an expansion of the European Financial Stability Fund, with conflicting signals over whether an agreement is near failing to put investors of
Read moreLondon open: London follows Wall Street higher
27th Sep 2011 08:24
London's leading share index is posting big gains following a strong performance from Wall Street overnight. RBS leads the way as banks continue their strong performance from yesterday, while silver specialist Fresnillo leads the mining sector's recovery. Optimism that European leaders are making
Read moreLondon pre-open: Daily Mail profits to be at lower end
27th Sep 2011 07:22
The rally that started in London at about 1:30 yesterday afternoon is set to resume with renewed vigour this morning, as optimism grows that this time, after more false starts than the Grand National steeplechase on a foggy, blustery day, Europe's leaders are prepared to grasp the nettle and sort ou
Read moreClose Brothers profit hit by exceptional costs
27th Sep 2011 07:17
Close Brothers, the FTSE 250 banking, securities and asset management firm, saw its adjusted operating profit grow 13% for the year to the end of July, but pre-tax profit dropped 22% after higher admin costs and exceptional items. Adjusted operating profit rose from £116.5m to £131.2m, offset by a
Read moreLondon close: Higher finish for FTSE 100
16th Sep 2011 16:45
Stocks finished higher after an uncertain day in which most attention was focused on a meeting of European finance ministers in Poland. At the meeting, which also included US treasury secretary Timothy Geithner, ministers ruled out further stimulus. European Central Bank president Jean-Claude Trich
Read moreLondon midday: Euro hopes boost stocks again
16th Sep 2011 12:06
Stocks are buoyant again as today's meeting of European finance ministers in Poland generates more optimism over the Eurozone crisis. The meeting will also include US treasury secretary Timothy Geithner, who recently suggested that the continent should "leverage up" the European Financial Stabilit
Read moreLondon open: Banks lead the rise
16th Sep 2011 08:35
The FTSE 100 has risen higher in early trading, led by the banks, as the blue chip index extended gains on the back of the an announcement by the European Central Bank (ECB) made yesterday. US and Asian markets performed well on Thursday and overnight, respectively, on news that the ECB - along wit
Read moreLondon pre-open: Good times continue to roll
16th Sep 2011 07:21
Global stock markets are enjoying a positive feedback loop at the moment, with UK equities set to rise this morning following Wall Street's strong showig overnight. City sources predict the FTSE 100 will open 56 points up from yesterday's close of 5,338. Industrial printing firm Domino Printing
Read moreClose Brothers sells stake in non-core business for $40m
16th Sep 2011 07:04
Close Brothers, the FTSE 250 banking , securities and asset management firm, has disposed of its 49.9% stake in Mako Global Derivatives Executive, a market maker in exchange traded derivatives, for $40m (£25.3m) in cash. "The sale of our investment in Mako represents a further streamlining of the C
Read moreBroker tips: Close Brothers, Gulf Keystone, Entertainment One
14th Sep 2011 11:21
Shares in banking, securities and asset management firm Close Brothers were dragged lower on Wednesday after UBS scaled back its forecasts and reiterated its cautious outlook for the industry. The Swiss broker said that since Close Brothers' trading statement in July, it has seen a more challenging
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