London close: Stocks mixed as US payrolls come in red-hot
2nd Feb 2024 16:59
(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.
Read moreClose Brothers' Winterflood unit continues to struggle in Q3
16th Nov 2023 09:14
(Sharecast News) - Merchant banking group Close Brothers said on Thursday that its Winterflood financial planning and investment service unit has continued to struggle amid considerable headwinds in the equity trading market.
Read moreLondon close: Stocks mixed on global economic jitters
26th Sep 2023 16:47
(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.
Read moreFull-year profits slide at Close Brothers
26th Sep 2023 07:22
(Sharecast News) - Close Brothers Group reported a decline in its full-year statutory operating profit before tax on Tuesday, to £112m from 2022's £232.8m.
Read moreClose Bros buys Irelands Bluestone Motor Finance
20th Sep 2023 07:04
(Sharecast News) - Close Brothers on Wednesday said it was buying Bluestone Motor Finance, a provider of motor finance in Ireland for an undisclosed cash sum.
Read moreClose Brothers hails good third-quarter performance
24th May 2023 08:49
(Sharecast News) - Close Brothers said on Wednesday that it performed well in the third quarter, with loan book growth accelerating.
Read moreBerenberg lowers target price on Close Brothers
13th Apr 2023 13:12
(Sharecast News) - Analysts at Berenberg lowered their target price on financial services company Close Brothers from 1,200.0p to 1,150.0p on Thursday but said the group was "closing issues and opening pipelines".
Read moreClose Brothers profits hit by Novitas provisions
14th Mar 2023 08:38
(Sharecast News) - Merchant bank Close Brothers said on Tuesday that it had been a "challenging" first half, posting a drop in profits as it was hit by provisions related to the Novitas loan book.
Read morePeel Hunt downgrades Close Brothers, cites Novitas provisions
27th Jan 2023 09:41
(Sharecast News) - Peel Hunt downgraded Close Brothers on Friday to 'hold' from 'add' and cut the price target by around 18% to 1,031p as it lowered earnings per share estimates by 55% for FY23 and by 4% for FY24 and FY25.
Read moreNovitas loan book still dragging on Close Brothers
20th Jan 2023 07:23
(Sharecast News) - Merchant banking group Close Brothers described a resilient performance in its first-half on Friday, despite an uncertain market backdrop.
Read moreCanaccord Genuity hits Close Brothers with double downgrade
11th Jan 2023 10:39
(Sharecast News) - Analysts at Canaccord Genuity slapped merchant banking group Close Brothers with a double downgrade from 'buy' to 'sell' and cut their target price on the stock from 1,483.0p to 992.0p, warning that macro risks had still not been "fully priced in".
Read moreJPMorgan upgrades Barclays, downgrades Lloyds
6th Dec 2022 08:53
(Sharecast News) - JPMorgan Cazenove rejigged its ratings on UK and European bank stocks on Tuesday as it turned more cautious on the sector relative to consensus, arguing that slower economic growth will weigh on sentiment.
Read moreClose Brothers delivers 'solid' Q1 performance amid 'challenging' conditions
17th Nov 2022 08:43
(Sharecast News) - Merchant banking group Close Brothers said on Thursday that it had delivered a "solid" first quarter performance despite trading in "challenging" market conditions.
Read moreInvestec cuts Close Brothers to 'sell'
14th Nov 2022 11:37
(Sharecast News) - Investec cut its rating on Close Brothers Group to 'sell' on Monday, after a spike in the merchant bank's share price.
Read moreBerenberg lowers target price on Close Brothers
28th Sep 2022 10:16
(Sharecast News) - Analysts at Berenberg lowered their target price on financial services firm Close Brothers from 1,250.0p to 1,200.0p on Wednesday after the group's results underperformed UK banking rivals by roughly 8%.
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