We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Close Brothers Group Plc | LSE:CBG | London | Ordinary Share | GB0007668071 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 494.80 | 497.40 | 499.20 | 499.60 | 491.80 | 495.00 | 299,640 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Asset - Backed Securities | 1.01B | 81.1M | - | N/A | 0 |
TIDMCBG
RNS Number : 7648Z
Close Brothers Group PLC
22 May 2019
Scheduled Trading Update ---------------------------
Close Brothers Group plc ("the group" or "Close Brothers") today issues its trading update relating to the third quarter from 1 February 2019 to 30 April 2019 ("the quarter"). All statements in this release relate to that period unless otherwise indicated.
Group and divisional performance
The group delivered a solid performance in the period. The Banking division has performed as expected in current market conditions, while our market facing businesses continued to experience lower activity levels.
In Banking, we remain focused on maintaining our margins and our prudent underwriting, and continuing to invest in our businesses for the long-term.
The loan book increased by 1.5% in the quarter to GBP7.5 billion (31 January 2019: GBP7.4 billion), predominantly driven by Commercial and Property, and is up 3.6% year to date.
The bad debt ratio has remained low with continued strong credit performance across the business, and the net interest margin year to date has remained broadly in line with the 2018 financial year.
In Asset Management, we continue to invest in people and technology to support our long-term growth. Although client activity remained subdued in the period, managed assets increased to GBP10.9 billion at 30 April 2019 (31 January 2019: GBP10.3 billion), supported by positive market movements and continued net inflows. Total client assets increased to GBP12.5 billion (31 January 2019: GBP12.0 billion).
Winterflood continues to focus on maximising its trading opportunities in all market conditions. Although trading volumes remained low, the division delivered solid profitability in the quarter, performing broadly in line with the first half.
Outlook
We expect a solid result for the full financial year.
Enquiries
Sophie Gillingham Close Brothers Group plc 020 3857 6574
Camila Sugimura Close Brothers Group plc 020 3857 6577
Eva Hatfield Close Brothers Group plc 020 3857 6573
Matt Bullivant Close Brothers Group plc 020 3857 6576
Andy Donald Maitland 020 7379 5151
About Close Brothers
Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. We employ over 3,000 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE 250.
Cautionary Statement
Certain statements included within this announcement may constitute "forward-looking statements" in respect of the group's operations, performance, prospects and/or financial condition. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as "anticipates", "aims", "due", "could", "may", "will", "should", "expects", "believes", "intends", "plans", "potential", "targets", "goal" or "estimates". By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions and actual results or events may differ materially from those expressed or implied by those statements. Accordingly, no assurance can be given that any particular expectation will be met and reliance should not be placed on any forward-looking statement. Additionally, forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Except as may be required by law or regulation, no responsibility or obligation is accepted to update or revise any forward-looking statement resulting from new information, future events or otherwise. Nothing in this announcement should be construed as a profit forecast. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any shares or other securities in the company or any of its group members, nor does it constitute a recommendation regarding the shares or other securities of the company or any of its group members. Past performance cannot be relied upon as a guide to future performance and persons needing advice should consult an independent financial adviser or other professional. Statements in this announcement reflect the knowledge and information available at the time of its preparation. Liability arising from anything in this announcement shall be governed by English law. Nothing in this announcement shall exclude any liability under applicable laws that cannot be excluded in accordance with such laws.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTCKDDPABKDOPB
(END) Dow Jones Newswires
May 22, 2019 02:00 ET (06:00 GMT)
1 Year Close Brothers Chart |
1 Month Close Brothers Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions