Close 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%.
Read moreClose 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.
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