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  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

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 CET

(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
11/16CLOSE BROTHERS : Result of AGM
PU
11/16CLOSE BROTHERS : AGM Special Business
PU
11/15CLOSE BROTHERS : British lender Close Brothers makes "solid" start to financial ..
RE
11/15CLOSE BROTHERS : Board Appointment
PU
11/15CLOSE BROTHERS : Scheduled Trading Update
PU
11/15CLOSE BROTHERS : Scheduled Trading Update
PU
11/07CLOSE BROTHERS : IFRS 9 Transition Report
PU
11/01CLOSE BROTHERS : Publication of Supplementary Prospectus
PU
10/22CLOSE BROTHERS : Replacement Director/PDMR Shareholding
PU
10/22CLOSE BROTHERS : Share Purchase
PU
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 2019 839 M
EBIT 2019 290 M
Net income 2019 208 M
Debt 2019 -
Yield 2019 4,59%
P/E ratio 2019 10,40
P/E ratio 2020 10,19
Capi. / Sales 2019 2,57x
Capi. / Sales 2020 2,44x
Capitalization 2 155 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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 15,3  GBP
Spread / Average Target 7,2%
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-1.52%2 765
JP MORGAN CHASE & COMPANY2.93%365 762
BANK OF AMERICA-5.49%272 344
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-13.87%267 787
WELLS FARGO-12.74%249 202
CHINA CONSTRUCTION BANK CORPORATION-13.28%224 824