Close Brothers profits fall as Winterflood hit by slowdown
27th Sep 2022 08:03
(Sharecast News) - Merchant bank Close Brothers posted a decline in full-year operating profit on Tuesday, with the Winterflood business hit by a slowdown in trading activity.
Read moreVirgin Money will struggle to re-rate, says Berenberg
26th Sep 2022 10:33
(Sharecast News) - Virgin Money tumbled on Monday as Berenberg re-established coverage of the shares at 'hold' from 'under review', saying the bank will struggle to re-rate given potential revenue headwinds and a sector-lagging return on tangible equity.
Read moreClose Brothers Winterfloods CEO Philip Yarrow to retire
5th Sep 2022 07:15
(Sharecast News) - Investment bank Close Brothers said on Monday Philip Yarrow has decided to retire and will step down as chief executive from Winterflood Securities on 20 September after 22 years at its broking arm.
Read moreClose Brothers posts 'solid performance' in first 11 months
21st Jul 2022 09:54
(Sharecast News) - Merchant banking group Close Brothers reported a "solid performance" in the first 11 months of its financial year on Thursday.
Read moreRBC sees 'good entry point' into Close Brothers Group, upgrades shares
14th Jun 2022 11:59
(Sharecast News) - Analysts at RBC Capital Markets upgraded their recommendation for shares of Close Brothers Group from 'sector perform' to 'outperform'.
Read moreClose Brothers loan book grows in Q3 despite 'heightened uncertainty'
20th May 2022 07:09
(Sharecast News) - Merchant banking group Close Brothers said on Friday that it had "performed well" in the third quarter of its trading year.
Read moreLiberum upgrades Close Brothers to 'buy'
1st Apr 2022 13:55
(Sharecast News) - Liberum upgraded Close Brothers to 'buy' from 'hold' on Friday, arguing that the recent share price fall was overdone.
Read moreClose Bros lifts dividend after small rise in first-half profit
15th Mar 2022 07:26
(Sharecast News) - Wealth manager Close Brothers reported a small rise in interim profits, helped by growth in its merchant banking operation, offset by a fall in trading at its broking division.
Read moreClose Brothers appoints Eddy Reynolds as CEO of asset management arm
2nd Mar 2022 08:24
(Sharecast News) - Close Brothers said on Wednesday that it has appointed Eddy Reynolds as the new chief executive of its asset management arm, succeeding Martin Andrew.
Read moreClose Brothers sees 'good momentum' in five months to 31 December
21st Jan 2022 07:40
(Sharecast News) - Merchant banking group Close Brothers said on Friday that it had performed well in the five months ended 31 December, with good loan book growth at strong margins in its banking unit and continued growth momentum in its asset management division despite a moderation in trading income in its Winterflood arm since the end of the 2021 financial year.
Read moreClose Brothers makes 'encouraging start' to FY
18th Nov 2021 09:05
(Sharecast News) - Merchant banking group Close Brothers said on Thursday that it had made "an encouraging start to the year", with a strong performance in its banking unit and "good growth momentum" at Close Brothers Asset Management.
Read moreRBC Capital downgrades Close Brothers on full valuation
6th Oct 2021 10:04
(Sharecast News) - RBC Capital Markets downgraded Close Brothers to 'sector perform' from 'outperform' on Wednesday, cutting the price target to 1,700p from 1,800p as it said the valuation looks relatively full.
Read moreClose Brothers reports sharp profit rise
28th Sep 2021 07:44
(Sharecast News) - Close Brothers reported a sharp rise in annual profit and a hefty dividend increase as the financial services group benefited from rising income and lower impairments.
Read moreClose Brothers loan book increases despite reduced face-to-face interaction
21st Jul 2021 09:09
(Sharecast News) - Merchant banking group Close Brothers said on Wednesday that its trading performance had been strong during the 11 months ended 30 June, with high levels of activity in its banking unit, good net inflows in the firm's asset management division and strong trading income in its Winterflood subsidiary.
Read moreClose Brothers reports strong Q3 performance
21st May 2021 07:05
(Sharecast News) - Close Brothers reported a strong third quarter boosted by new banking business and busy trading at its Winterflood securities operation.
Read more