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Close Brothers Group PLC (CBRO.L)

CBRO.L on London Stock Exchange

1,545.00GBp
22 Mar 2017
Change (% chg)

-16.00 (-1.02%)
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1,561.00
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1,554.00
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Volume
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Latest Key Developments (Source: Significant Developments)

Close Brothers expects slightly higher loan growth in H2 - CEO
Tuesday, 14 Mar 2017 04:15am EDT 

Close Brothers Group Plc : Close Brothers expects slightly higher loan growth in H2, with company consensus forecast of FY loan growth of 7 percent - CEO Further company coverage: [CBRO.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Close Brothers says Biggs to succeed Macpherson as chairman
Tuesday, 14 Mar 2017 03:12am EDT 

Close Brothers Group Plc : Mike Biggs has been appointed an independent non-executive director and chairman designate of group . Biggs joins board as a director today, 14 March 2017, and will become chairman of board effective 1 May 2017. .Biggs will succeed Strone Macpherson, who has confirmed his intention to step down, effective 30 April 2017.  Full Article

Close Brothers posts 21 pct rise in H1 adjusted operating profit to 134.2 mln pounds
Tuesday, 14 Mar 2017 03:10am EDT 

Close Brothers Group Plc : H1 adjusted operating profit rose 21 percent to 134.2 million stg . Interim dividend up 5 percent to 20 pence per share . HY adjusted operating profit 134.2 million stg versus 111.2 million stg . HY adjusted operating profit £134.2m million stg versus 111.2 million stg . HY return on opening equity 18 percent versus 17.9 percent year ago . HY operating profit before tax 131.4 million stg versus 108.7 million stg year ago . HY net interest margin 8.2% versus 8.3% year ago . HY dividend per share 20 pence versus 19 pence year ago . HY bad debt ratio 0.5% versus 0.6% year ago . HY net interest margin 8.2 percent versus 8.3 percent year ago . As at Jan 31, loan book 6.5 billion stg versus 6.4 billion stg as at July 31, 2016 . Have achieved a strong performance in first half of year and are confident in delivering a good result for full year . Macroeconomic and financial market conditions in UK remain benign, but we continue to monitor developments carefully . HY basic eps 65.1 pence .As at Jan 31, CET1 capital ratio 12.6 percent versus 13.5 percent as at July 31, 2016.  Full Article

UK Lender Close Brothers sees "strong" H1 result, loan book rises
Friday, 20 Jan 2017 02:00am EST 

Close Brothers Group Plc : Scheduled trading update . Has delivered a strong performance since start of financial year . Banking division has generated strong returns and profit growth during period . Loan book was up 2.3 pct over period and 9.3 pct year on year at 6.6 billion stg (31 July 2016: 6.4 billion stg) . Although new business volumes remained solid across loan book, repayments were higher particularly towards end of period . Winterflood delivered a good performance, with strong retail trading activity throughout period . Asset management benefited from improved market conditions and both market movements and net inflows were positive . Managed assets reduced to 7.8 billion pct (31 July 2016: 8 billion stg) reflecting previously announced disposal of OLIM Investment Managers . Since Jan 5 have issued 175 million stg of tier 2 subordinated debt securities .Confident in delivering a strong result for first half as well as a good outcome for full 2017 financial year.  Full Article

Close Brothers to issue 150 mln stg of subordinated debt
Thursday, 5 Jan 2017 06:40am EST 

Close Brothers Group Plc : Issuance of Tier 2 capital . To issue about 150 mln stg of subordinated debt which would qualify as Tier 2 capital . CET1 and total capital ratios remain comfortably ahead of minimum requirements .Says performance in November and December has continued to progress well.  Full Article

Close Brothers Group says Q3 loan book up 4 pct
Friday, 20 May 2016 02:11am EDT 

Close Brothers Group Plc : "banking division continues to see robust demand for our specialist lending services" . Return on net loan book remains strong, as both net interest margin and bad debt ratio have remained broadly in line with first half . Loan book increased 4.0% in quarter and is up 8.2% year to date to £6.2 billion . Winterflood's business remains sensitive to an unpredictable market. . Total client assets increased 2% to £9.3 billion .Confident in delivering a satisfactory outcome for full year.  Full Article

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BRIEF-Close Brothers expects slightly higher loan growth in H2 - CEO

* Close Brothers expects slightly higher loan growth in H2, with company consensus forecast of FY loan growth of 7 percent - CEO Further company coverage: