LONDON, March 12 British financial services
group Close Brothers reported a 26 percent increase in
first-half operating profit on Tuesday, supported by growth at
its core banking division.
Adjusted operating profit was 79.8 million pounds ($118.9
million) in the six months to end-Jan for the group, whose
services include merchant banking, securities dealing and wealth
Its Winterflood securities unit reported adjusted operating
profit of 7.4 million pounds, down from 8.4 million in 2012.
The group blamed subdued trading activity and low risk
appetite among retail investors for the results at its
securities business, but said its outlook for the rest of the
year was positive.
The board declared an interim dividend per share of 15
pence, a 7 percent increase.