London close: Stocks lower on Trump's latest tariff surprise
27th Mar 2025 15:20
(Sharecast News) - London stocks ended lower on Thursday as investor sentiment weakened following a surprise announcement by Donald Trump of a new 25% tariff on all imported cars and car parts.
Read moreKBW reiterates 'outperform' rating on Close Brothers
27th Mar 2025 13:40
(Sharecast News) - Analysts at Keefe, Bruyette & Woods reiterated their 'outperform' rating and 430.0p target price on merchant banker Close Brothers on Thursday after chief executive Mike Morgan delivered "an excellent presentation" to its sales force.
Read moreDirector dealings: Close Brothers Group chairman buys shares after 1H numbers
20th Mar 2025 15:22
(Sharecast News) - The chairman of Close Brothers Group picked up some shares in the wake of the specialist financial services group's half-year results.
Read moreLondon close: Stocks finish higher as gold prices surge
18th Mar 2025 14:56
(Sharecast News) - London stocks closed higher on Tuesday as investors remained cautious ahead of key central bank decisions this week, including from the Bank of England and the Federal Reserve.
Read moreClose Brothers shares tank as motor finance provisions lead to H1 loss
18th Mar 2025 07:26
(Sharecast News) - Close Brothers shares tanked on Tuesday after the merchant banking group swung to a hefty loss in the first half on the back of a £165m provision for motor finance commissions.
Read moreUK lenders 'paid car dealers' up front in pricier loan deals - report
21st Feb 2025 13:08
(Sharecast News) - UK lenders paid "advance commissions" to car dealers that may have encouraged them to push costlier loans on to consumers, the Guardian reported, citing legal filings linked to the motor finance scandal.
Read moreLondon close: Stocks mixed as US inflation comes in hot
12th Feb 2025 16:59
(Sharecast News) - London stocks closed in a mixed state on Wednesday, as markets reacted to a stronger-than-expected inflation reading from the United States.
Read moreClose Brothers to take £165m hit from motor finance scandal
12th Feb 2025 07:35
(Sharecast News) - Merchant banking group Close Brothers has revealed that it is to put £165m aside to cover costs associated with the mis-selling of motor finance, following last year's Court of Appeal judgment.
Read moreLondon close: Stocks higher after softer UK employment data
21st Jan 2025 16:41
(Sharecast News) - London stocks closed higher on Tuesday, as investors assessed the latest UK employment data, and watched for developments across the pond on the first full day of Donald Trump's second presidential term.
Read moreHopes of Treasury support boost car finance sector
21st Jan 2025 10:27
(Sharecast News) - Shares in car finance providers rallied on Tuesday, after the government reportedly intervened in favour of the under-pressure industry.
Read moreSainsbury steps down as Close Brothers CEO, Morgan to replace
7th Jan 2025 08:45
(Sharecast News) - Close Brothers Group announced on Tuesday that Adrian Sainsbury had officially stepped down as group chief executive and executive director, effective 6 January, to focus on his health following a period of medical leave.
Read moreBarclays loses key motor finance court challenge
17th Dec 2024 11:05
(Sharecast News) - Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.
Read moreLondon close: Stocks mixed as US inflation ticks higher
11th Dec 2024 15:04
(Sharecast News) - London's financial markets ended Wednesday with mixed results as investors weighed an increase in consumer inflation in the US, and its potential impact on monetary policy.
Read moreClose Brothers given permission to appeal motor finance ruling
11th Dec 2024 13:41
(Sharecast News) - Close Brothers shares surged on Wednesday after the Supreme Court agreed that it could appeal a landmark ruling on motor finance commissions.
Read moreSunday newspaper round-up: Nationwide, Close Brothers, Gold
25th Nov 2024 00:13
(Sharecast News) - Nationwide will announce a £2bn gain on its £2.9bn takeover of Virgin Money in its half-year results, this Wednesday, likely triggering a windfall for its customers. The building society will also turbo-charge investment in the combined business on top of its recently begun 500 person hiring spree. As well, millions of members are in line for more 'fairer share' perks. - Financial Mail on Sunday
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