Close Brothers reports stable Q1 amid motor finance uncertainty
21st Nov 2024 07:59
(Sharecast News) - Close Brothers reported a stable first-quarter performance in an update on Thursday, supported by growth in its banking division and disciplined cost management, despite headwinds from legal challenges in its motor finance business.
Read moreLondon close: Stocks mixed as US inflation meets forecasts
13th Nov 2024 15:00
(Sharecast News) - London stocks ended with mixed results on Wednesday, as investors assessed the latest US inflation data for October, which aligned with forecasts.
Read moreUK's FCA proposes extension for motor finance complaints
13th Nov 2024 07:14
(Sharecast News) - Britain's financial regulator in consulting on an extension for motor finance companies to respond to consumer complaints about commission on car loans after a court ruling last month that could see billions paid out in compensation.
Read moreLondon close: Stocks turn negative as Americans head to the polls
5th Nov 2024 16:41
(Sharecast News) - London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Read moreBroker tips: Water companies, Close Bros, Melrose
5th Nov 2024 12:29
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
Read moreRBC Capital adds 'speculative risk' qualifier to Close Brothers rating
5th Nov 2024 08:55
(Sharecast News) - RBC Capital Markets cut its price target on shares of Close Brothers on Tuesday to 425p from 435p and added a "speculative risk" qualifier to its rating as it assessed the impact of premium finance.
Read moreLondon close: Stocks higher as US jobs report underwhelms
1st Nov 2024 15:08
(Sharecast News) - London stocks closed higher on Friday, as investors digested an unexpectedly low US payrolls figure, as well as a range of UK economic releases.
Read moreRBC cuts target prices for UK banks after motor finance ruling
31st Oct 2024 14:20
(Sharecast News) - RBC Capital Markets has cut target prices for a number of UK-listed banks after this week's landmark ruling on motor finance commissions, saying that the news brings about an increased level of uncertainty and potential downside for lenders.
Read moreLondon close: Stocks close higher as investors look to Budget
28th Oct 2024 15:17
(Sharecast News) - London stocks had swung back into positive territory by the close on Monday, as investors prepared for a number of upcoming corporate earnings reports and the Autumn Budget.
Read moreLondon close: Stocks finish mixed ahead of Budget next week
25th Oct 2024 17:33
(Sharecast News) - London markets closed with mixed results on Friday as caution weighed on investor sentiment, driven by concerns over weakening consumer confidence and the forthcoming Budget.
Read moreClose Brothers tumbles after Court of Appeal ruling
25th Oct 2024 12:12
(Sharecast News) - Close Brothers tumbled on Friday after the Court of Appeal ruled in favour of British consumers that motor dealers acting as credit brokers owe a fiduciary duty to their customers.
Read moreLondon close: Stocks finish higher as BoE holds rates
19th Sep 2024 16:03
(Sharecast News) - London stocks closed higher on Thursday, buoyed by the Bank of England's widely-expected decision to leave interest rates unchanged.
Read moreClose Brothers reports solid full-year growth
19th Sep 2024 07:30
(Sharecast News) - Close Brothers announced an agreement to sell its wealth management subsidiary, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, for an equity value of up to £200m on Thursday, alongside a solid set of full-year results.
Read moreThursday preview: BoE, Close Brothers Group in focus
18th Sep 2024 11:40
(Sharecast News) - The market spotlight on Thursday will be firmly on the Bank of England as rate-setters meet to decide on policy.
Read moreLondon close: Stocks manage gains ahead of key rate decisions
16th Sep 2024 15:30
(Sharecast News) - London stocks closed slightly above the waterline on Monday, as investors exercised caution ahead of key interest rate announcements scheduled across the globe later in the week.
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