Close Brothers Group plc (LON:CBG)
London
· Delayed Price · Currency is GBP · Price in GBX | Market Cap | 669.93M |
| Revenue (ttm) | 662.20M |
| Net Income (ttm) | -52.80M |
| Shares Out | 150.55M |
| EPS (ttm) | -0.35 |
| PE Ratio | n/a |
| Forward PE | 10.57 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 205,464 |
| Average Volume | 800,606 |
| Open | 444.60 |
| Previous Close | 441.60 |
| Day's Range | 435.40 - 446.80 |
| 52-Week Range | 310.00 - 563.50 |
| Beta | 1.23 |
| RSI | 50.59 |
| Earnings Date | Jun 12, 2026 |
About Close Brothers Group
Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom. It operates through three segments: Commercial, Retail, and Property. The company offers commercial services comprises hire purchase; leasing and loans for capital assets; debt factoring; invoice discounting; asset-based lending; and other specialist financing for SMEs. It also provides development finance for residential properties; funding for commercial properties; and refurbishment a... [Read more]
Financial Performance
Financial StatementsNews
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers have decided not to launch a legal challenge against the UK financial regulator's 9.1 billion pound($12.31 billion) compensation scheme for consumers who were allegedly mis-sold car f...
Close Brothers stock jump 23% as $430M redress eases fears
Close Brothers stock surged on Wednesday after the specialist lender said the expected cost of the UK motor finance redress scheme would be broadly in line with money it had already set aside, easing ...
Britain's Close Brothers flags $430 million motor finance cost
Britain's Close Brothers on Wednesday disclosed a potential 320 million pound ($429.50 million) cost related to a motor finance mis-selling scandal, broadly similar to the specialist lende...
Close Brothers Group Earnings Call Transcript: H1 2026
Resilient first-half performance with adjusted operating profit of GBP 65.2 million and strong capital position (CET1 14.3%), despite a statutory loss driven by motor finance commission provisions. Transformation and cost savings are ahead of plan, with a clear path to double-digit RoTE by 2028.
UK's Close Brothers to cut 600 jobs by 2027
British lender Close Brothers said on Tuesday it expects to cut 600 roles by fiscal 2027 as part of its ongoing cost-reduction efforts, citing rising costs linked to the motor finance mis-selling...
Close Brothers' shares tumble after being targeted by short seller; firm counters claims
Close Brothers' shares tumbled 15% on Monday after short seller Viceroy Research posted a report on its website saying it was short the British financial services firm.
Close Brothers lifts motor finance charge by about $180 million
British lender Close Brothers said on Tuesday it expects to take an additional charge of about 135 million pounds ($179.86 million) in relation to the scandal, taking its total provision to about 300 ...
Close Brothers Group Earnings Call Transcript: H2 2025
Capital position strengthened with CET1 at 13.8% and £400m generated or preserved. Adjusted operating profit fell 14% to £144m, impacted by £267m in adjusting items, including motor finance provisions. Portfolio simplification and cost-saving initiatives position the group for double-digit ROTE by FY 2028.
British lender Close Brothers' annual profit beats estimates despite motor finance probe
British lender Close Brothers reported an annual profit of 144.3 million pounds ($193.88 million) on Tuesday, beating market estimates, as cost-saving measures and selective lending helped offset pres...
Close Brothers pops 30%, Lloyds surge after favourable motor finance ruling
Close Brothers shares popped 30% at the open on Monday, after a Supreme Court ruling last week on car finance commissions went largely in favour of banks, although it still left them facing millions o...
UK's Close Brothers to sell Winterflood to Marex for $140 million
British lender Close Brothers said on Friday it has agreed to sell market maker Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million...
UK's Close Brothers to revamp premium finance, shares drop 7%
British lender Close Brothers said on Wednesday it would streamline its premium finance division to focus on business clients over individuals due to rising costs and operational complexity.
Close Brothers bolsters capital ratios before landmark motor finance judgment
Close Brothers' total capital ratio rose by 80 basis points to 18% in the quarter to the end of April, as it bolstered its finances pending a ruling that may force the bank and others to pay out milli...
Close Brothers Group Earnings Call Transcript: H1 2025
Underlying profit remained robust with strong margins and credit quality, but a £165m motor finance provision led to a statutory loss. CET1 capital ratio is strong at 13.4% pro forma, and cost-saving initiatives are on track. Uncertainty remains around motor finance commission outcomes.
UK lender Close Brothers says court appeal of motor claims will cost it more
British lender Close Brothers on Tuesday forecast annual legal costs to be higher than it previously expected, as regulations over motor finance claims are being challenged by the industry in the Supr...
Close Brothers, Lloyds fall; traders cite UK court decision on motor finance
Shares in British lenders Close Brothers and Lloyds Banking group fell on Monday, with traders and analysts citing reports that the Treasury has been blocked from intervening into the Supreme Court re...
UK's Close Brothers reserves $205 million for motor finance claims
Close Brothers has set aside up to 165 million pounds ($205 million) to cover costs related to motor finance claims, the British lender said on Wednesday, the first time it has estimated the potential...
UK's Close Brothers names new Group CEO
British lender Close Brothers on Tuesday named Mike Morgan as its new Group CEO and said chief executive Adrian Sainsbury was leaving the company to focus on his health after a period of medical leave...
Close Brothers Asset Management Partners With Objectway to Drive Growth and Innovation
LONDON--(BUSINESS WIRE)-- #CloseBrothers--Objectway's advanced Portfolio Management solution represents a significant step forward in Close Brothers Asset Management's digital transformation.
Lloyds, Close Brothers fall after UK motor finance ruling
Shares in Lloyds and Close Brothers Group fell on Friday after London's Court of Appeal ruled that motor finance brokers owe duties to their customers.
Close Brothers Group Earnings Call Transcript: H2 2024
Resilient FY 2024 performance with adjusted operating profit up 50% and strong loan book growth. Capital actions, including the sale of CBAM and cost initiatives, aim to boost CET1 to 14-15% by FY 2025 amid ongoing FCA review uncertainty.
Close Brothers Group Earnings Call Transcript: H1 2024
Canaccord Genuity eyes Close Brothers wealth business in UK push – sources
Canaccord Genuity has explored a potential acquisition of Close Brothers Group's wealth management operations, two people familiar with the matter told Reuters, a move that would increase the Canadian...