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CBGPY / Close Brothers tumbles but bounces back as profits not as bad as expected

Close Brothers Group PLC (LSE:CBG) shares fell sharply in early trade after annual profits more than halved as it made provisions for potential bad debts and the market doldrums led to lower income for its Winterfloods market-making arm. After a 5.6% drop to 804.5p after the market opened, shares in the FTSE 250-listed merchant bank recovered as analysts said the results were better than expected. Read More

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Posted: Sep 26 2023, 04:01

Author Name: Proactive Investors

CBGPY News

By Proactive Investors
September 26, 2023

Close Brothers tumbles but bounces back as profits not as bad as expected

Close Brothers Group PLC (LSE:CBG) shares fell sharply in early trade after annual profits more than halved as it made provisions for potential bad de

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