Close 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 moreClose Brothers H1 operating profits tick up
16th Mar 2021 09:19
(Sharecast News) - Merchant banking group Close Brothers said on Tuesday that it had delivered a "strong performance" given the current trading environment, with operating profits ticking up in the six months ended 31 January.
Read moreLiberum initiates coverage of challenger banks, OneSavings top pick
8th Dec 2020 15:15
(Sharecast News) - Liberum has initiated coverage of five challenger banks and specialist lenders, with 'buy' ratings on OneSavings Bank, Virgin Money UK and Paragon Banking Group.
Read moreFriday broker round-up
20th Nov 2020 13:13
(Sharecast News) - Quilter: Barclays initiates at equal weight with a target price of 140p.
Read moreClose Brothers delivers 'strong performance' in Q1
19th Nov 2020 08:15
(Sharecast News) - Merchant banking group Close Brothers said on Thursday that it had delivered "a strong performance" in the first quarter, reflecting high levels of new business volumes in its lending businesses.
Read moreDirector dealings: Close Brothers finance director sells shares
6th Oct 2020 16:20
(Sharecast News) - Close Brothers Group revealed on Tuesday that group finance director Mike Morgan had sold 10,536 ordinary shares in the FTSE 250-listed merchant banking group.
Read moreJefferies says Close Brothers has no edge in this recession
25th Sep 2020 15:26
(Sharecast News) - Jefferies increased its price target for Close Brothers but kept its 'underperform' rating, arguing the bank lacks the competitive edge it had in the last recession.
Read moreTuesday broker round-up
22nd Sep 2020 13:28
(Sharecast News) - Imperial Brands: RBC Capital Markets upgrades to outperform with a target price of 1,900.0p.
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