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)
  Report  
Delayed Quote. Delayed London Stock Exchange - 07/19 11:35:24 am
1400 GBp   -3.51%
07/19CLOSE BROTHERS : loan book grows 5.1% year to date
RE
07/19CLOSE BROTHERS : Scheduled Trading Update
PU
06/19CLOSE BROTHERS : Notice of Pre-Close Trading Update
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

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 | 02:30am EDT

(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)

Stocks mentioned in the article
ChangeLast1st jan.
CLOSE BROTHERS GROUP -3.51% 1400 Delayed Quote.-2.78%
VALUE8 2.51% 5.72 Delayed Quote.20.68%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CLOSE BROTHERS GROUP
07/19CLOSE BROTHERS : loan book grows 5.1% year to date
RE
07/19CLOSE BROTHERS : Scheduled Trading Update
PU
06/19CLOSE BROTHERS : Notice of Pre-Close Trading Update
PU
06/01CLOSE BROTHERS : Home ownership optimism 'snuffed out' in half of UK renters, su..
AQ
05/22CLOSE BROTHERS : Scheduled Trading Update
PU
05/17CLOSE BROTHERS GROUP PLC : quaterly sales release
04/24CLOSE BROTHERS : Notice of Quarterly Trading Update
PU
03/21CLOSE BROTHERS GROUP : Ex-dividend day for interim dividend
FA
03/06CLOSE BROTHERS : Director/PDMR Shareholding
PU
03/04UK watchdog may ban some practices in car finance market
RE
More news
Financials (GBP)
Sales 2019 818 M
EBIT 2019 320 M
Net income 2019 199 M
Debt 2019 -
Yield 2019 4,66%
P/E ratio 2019 10,6x
P/E ratio 2020 10,3x
Capi. / Sales2019 2,55x
Capi. / Sales2020 2,42x
Capitalization 2 089 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
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 1 541,08  GBp
Last Close Price 1 400,00  GBp
Spread / Highest target 21,4%
Spread / Average Target 10,1%
Spread / Lowest Target 0,00%
EPS Revisions
Managers
NameTitle
Preben Prebensen Chief Executive Officer & Executive Director
Michael Nicholas Biggs Non-Executive Chairman
Mike Morgan 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 GROUP-2.78%2 611
JP MORGAN CHASE & COMPANY17.47%368 267
INDUSTRIAL AND COMMERCIAL BANK OF CHINA5.29%281 519
BANK OF AMERICA19.64%274 672
WELLS FARGO & COMPANY-0.56%203 434
CHINA CONSTRUCTION BANK CORPORATION13.50%202 610