Little upside to current Close Brothers valuation, says RBC Capital
23rd Apr 2019 13:18
(Sharecast News) - RBC Capital Markets initiated coverage of Close Brothers with a 'sector perform' rating and 1,500p price target on Tuesday, highlighting little upside at the current valuation.
Read moreTuesday broker round-up
23rd Apr 2019 12:19
(Sharecast News) - Smurfit Kappa: Goldman Sachs downgrades to sell with a target price of 2,475p.
Read moreClose Brothers finds it 'difficult' in first half
12th Mar 2019 07:35
(Sharecast News) - Merchant banking outfit Close Brothers saw profits slide in the first half of its trading year, partly due to market conditions it called "difficult" for its asset management and brokerage unit.
Read moreClose Brothers' securities arm hit by volatile equity markets
22nd Jan 2019 07:42
(Sharecast News) - FTSE 250 merchant bank Close Brothers said on Tuesday that its performance over the five months to 31 December 2018 was solid overall, but volumes and trading income at its securities arm, Winterflood, were hit by volatile equity markets.
Read moreElizabeth Lee stepping down as Close Brothers head of legal
19th Oct 2018 08:28
(Sharecast News) - Close Brothers Group announced on Friday that Elizabeth Lee, its group head of legal and regulatory affairs, would be retiring from her position as an executive director of the group at the end of the 2019 financial year.
Read moreFriday broker round-up
28th Sep 2018 11:28
(Sharecast News) - Huntsworth: Berenberg reiterates buy with a target price of 150p.
Read moreClose Brothers sees good growth in preliminary results
25th Sep 2018 07:20
(Sharecast News) - Close Brothers reported a "good performance" for the year ended 31 July in its preliminary results on Tuesday, with a 4% increase in adjusted operating profit to £278.6m.
Read moreClose Brothers to sell retail point of sale finance business to Klarna
14th Sep 2018 07:16
(Sharecast News) - Close Brothers has announced the sale of its retail point of sale finance business, Close Brothers Retail Finance, to Swedish payment solutions group Klarna for an undisclosed sum.
Read moreWednesday broker round-up
1st Feb 2017 15:33
(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2
Read moreClose Brothers confident over outlook, reports loan book growth
20th Jan 2017 07:33
(ShareCast News) - FTSE 250 merchant bank Close Brothers expressed confidence over its full-year results as it reported growth in its loan book. In the five months to the end of December, the loan book was up 2.3% to £6.6bn, driven by good growth, particularly in the premium finance and property bus
Read moreFriday preview: UK retail sales data, China GDP
19th Jan 2017 14:36
(ShareCast News) - UK retail sales data will be under the microscope on Friday amid worries that an increase inflation and Brexit uncertainty will deter shoppers. Economists estimate the Office for National Statistics will reveal retail sales fell 0.4% month-on-month in December after a 0.5% rise in
Read moreLiberum initiates coverage of challenger banks, prefers OneSavings
13th Dec 2016 10:09
(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch
Read moreClose Bros hails 'very good' start to year on banking, Winterflood strength
17th Nov 2016 07:39
(ShareCast News) - FTSE 250 merchant bank Close Brothers said on Thursday that it has made "a very good start to the year", mainly on the back of strength in its banking division and higher trading income in market maker Winterflood. In a trading update for the first quarter from 1 August to 31 Octo
Read moreMonday broker round-up
17th Oct 2016 10:15
(ShareCast News) - Coca Cola Hellenic: Jefferies keeps at buy with a target price of 2100p. Jupiter Fund Management: Societe Generale downgrades to hold, 490p target. Aveva: Barclays keeps at equal-weight with a 1450p target. Arrow Global: Numis upgrades to buy with a 405p target. Close Brothers
Read moreTuesday broker round-up
11th Oct 2016 14:54
(ShareCast News) - Easyjet: Deutsche Bank keeps at hold with a target price of 1000p. BP: HSBC reiterates buy, 570p target. Petrofac: Credit Suisse keeps at outperform with a 1100p target. British American Tobacco: Jefferies reiterates buy with a 6000p target. Royal Dutch Shell: HSBC keeps at bu
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