Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Close Brothers Group    CBG   GB0007668071

CLOSE BROTHERS GROUP (CBG)
My previous session
Most popular
  Report  
Real-time Quote. Real-time Cboe Europe - 09/25 09:39:30 am
1654.5 GBp   +0.39%
09/20CLOSE BROTHERS : annual earnings release
09/17CLOSE BROTHERS : Notices
CO
09/14CLOSE BROTHERS : to sell retail finance unit to Sweden's Klarna Bank
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Close Brothers : to sell retail finance unit to Sweden's Klarna Bank

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2018 | 08:30am CEST

(Reuters) - Close Brothers Group Plc said on Friday it would sell Close Brothers Retail Finance, which provides unsecured finance to consumers through retailers, to Swedish bank Klarna Bank AB.

"The group has concluded that the business does not provide a long-term fit with our predominantly secured business model," the company said in a statement.

The business, which had a loan book of 66 million pounds as of July 31, will be treated as a discontinued operation in the company's full-year results to be announced on Sept. 25.

The value of the deal was not disclosed. The company said it expects to close the transaction in the current calendar year.

(Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CLOSE BROTHERS GROUP
09/20CLOSE BROTHERS GROUP PLC : annual earnings release
09/17CLOSE BROTHERS GROUP : Notices
CO
09/14CLOSE BROTHERS : to sell retail finance unit to Sweden's Klarna Bank
RE
09/14CLOSE BROTHERS : Disposal of unsecured retail point of sale finance business
PU
09/14CLOSE BROTHERS : Disposal of retail point of sale finance business
PU
09/14CLOSE BROTHERS : Klarna grows again, acquiring Close Brothers Retail Finance to ..
AQ
09/07CLOSE BROTHERS TECHNOLOGY SERVICES : Intelligent financing over asset lifecycles
AQ
09/03CLOSE BROTHERS GROUP : Notices
CO
08/31CLOSE BROTHERS GROUP : Monthly statement on outstanding equity shares and voting..
CO
08/31CLOSE BROTHERS GROUP : Threshold crossings
CO
More news
News from SeekingAlpha
03/14Close Brothers Group Plc ADR 2018 Q2 - Results - Earnings Call Slides 
2017Close Brothers Group reports preliminary FY results 
2017Are Financial Stocks About To Reward Patient Turnaround Investors? 
Financials (GBP)
Sales 2018 811 M
EBIT 2018 296 M
Net income 2018 200 M
Debt 2018 -
Yield 2018 3,84%
P/E ratio 2018 12,36
P/E ratio 2019 12,14
Capi. / Sales 2018 3,08x
Capi. / Sales 2019 2,95x
Capitalization 2 496 M
Chart CLOSE BROTHERS GROUP
Duration : Period :
Close Brothers Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CLOSE BROTHERS GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 15,3  GBP
Spread / Average Target -7,3%
EPS Revisions
Managers
NameTitle
Preben Prebensen Chief Executive Officer & Executive Director
Michael Nicholas Biggs Non-Executive Chairman
Jonathan Anton George Howell Executive Director & Group Finance Director
Elizabeth Anne Lee Executive Director & Group Head-Legal Affairs
Geoffrey Michael Thomas Howe Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
CLOSE BROTHERS GROUP13.81%3 271
JP MORGAN CHASE & COMPANY10.20%396 080
BANK OF AMERICA4.13%309 935
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-7.26%277 331
WELLS FARGO-9.36%264 839
CHINA CONSTRUCTION BANK CORPORATION-6.12%229 429