United States

Close Brothers Group PLC (CBRO.L)

CBRO.L on London Stock Exchange

24 Jan 2017
Change (% chg)

-2.00 (-0.14%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

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

Close Brothers Group plc updates on interim dividend
Tuesday, 10 Mar 2015 10:47am EDT 

Close Brothers Group plc:Updates on dividend previously declared.Previously declared interim dividend of 18.0p per share.Ex-dividend date is March 19.Record date is March 20.Payment date April 22.  Full Article

Close Brothers Group plc declares interim dividend
Tuesday, 10 Mar 2015 03:02am EDT 

Close Brothers Group plc:Declares an interim dividend of 18.0p (2014: 16.5p), a 9 pct increase.  Full Article

UK Lender Close Brothers sees strong H1, reports rise in loan book

Jan 20 British lender Close Brothers Group said it expected to report strong results for the first half, driven by strength in its banking division and higher trading income from market maker Winterflood.