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Pin to quick picksClose Bros Share News (CBG)

Share Price Information for Close Bros (CBG)

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Share Price: 425.40
Bid: 425.00
Ask: 425.80
Change: 4.80 (1.14%)
Spread: 0.80 (0.188%)
Open: 430.80
High: 432.60
Low: 422.80
Prev. Close: 420.60
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LONDON MARKET OPEN: TalkTalk Slumps Following Earnings Warning

Fri, 01st Feb 2019 08:43

LONDON (Alliance News) - Stock prices in London opened in the green on Friday, though TalkTalk proved a significant drag in the FTSE 250 after warning it will miss consensus in its current financial year. The FTSE 100 was up 18.56 points, or 0.3%, at 6,987.41.The FTSE 250 was 56.35 points higher, or 0.3%, at 18,768.10, and the AIM All-Share was 0.2% higher at 920.26.The Cboe UK 100 was up 0.3% at 11,870.47, while the Cboe UK 250 also was up 0.3% at 16,758.07. The Cboe UK Small Companies was marginally higher at 11,319.84.Coming up Friday is the US Labor Department's jobs report for January at 1330 GMT."We have few doubts labour demand remained strong in January, but the chance of a repeat of December's 312,000 payroll gain is slim," said Pantheon Macroeconomics Chief Economist Ian Shepherdson."It's true businesses appear to be searching for huge numbers of people, but it's also true since mid-2017 they haven't been able to find as many as they'd like," Shepherdson continued."The difference between our composite hiring index and the actual payroll numbers narrowed in December, but one month proves nothing. Moreover, at least some of the surge in job growth between November and December, perhaps most of it, probably can be attributed to the swing from a much colder-than-usual survey week to a warmer-than-usual week."On the London Stock Exchange, TalkTalk Telecom fell 9.1%, the worst performing mid-cap stock, after it said earnings for its current financial year are set to miss analyst consensus.Looking to its year ending March, TalkTalk said its underlying business in on track with "significant" year-on-year headline profit growth expected.It is guiding for headline earnings before interest, tax, depreciation, and amortisation of GBP245 million to GBP250 million, from GBP197 million a year prior. This is below consensus, however, of GBP259 million.Earnings will be hit between GBP10 million to GBP15 million due to accounting changes, investment and mix in the Fibre segment.TalkTalk is confident on "strong" earnings growth in its year ending March 2020, and should meet market expectations of GBP271 million.In the nine months to December, TalkTalk has added 148,000 net customers to its broadband services, with guidance for its entire year ending March "in excess" of 150,000. Third quarter customer growth was 44,000, from 37,000 in the same period a year before, with double-digit growth achieved in both Consumer and Business-to-Business.Overall, third quarter revenue increased 2.9% year-on-year excluding carrier and off-net to GBP386 million. Headline on-net revenue has risen 4.3% to GBP316 million.Larger peer BT Group was 1.5% lower early on Friday in a read-across. Also in the FTSE 100 index, Glencore was 1.6% lower as it reported strong increases in production in 2018, with copper, cobalt and nickel output all rising by double-digits.Own-sourced copper production was up 11% in 2018 to 1.5 million tonnes, which mainly reflected the restart of Katanga's processing operations in late 2017. Copper sales in 2018 were around 22,000 tonnes lower than production due to timing of shipments, Glencore added.Cobalt production jumped 54% to 14,800 tonnes, which the miner said mainly related to the Katanga mine in the Democratic Republic of the Congo. Own-sourced nickel production of 123,800 tonnes was up 13% on last year, while attributable ferrochrome production of 1.6 million tonnes was roughly the same as last year.Intertek was 1.6% lower as Jefferies cut its rating to Hold from Buy for the company's stock. SSE was 0.3% higher as it confirmed it has sold its 49.9% stake in the Stronelairg and Dunmaglass wind farms to FTSE 250 member Greencoat UK Wind and a "major" UK pension fund.SSE will receive GBP635 million from the sale, and will use GBP200 million to fund a buyback from shareholders. The rest will be used to service debt.Greencoat UK Wind will be paying GBP452 million, with the pension fund paying the rest. The energy investor will raise GBP131 million in a placing with investors at 127 pence a share, with proceeds to be used to repay or reduce future drawdowns of its credit facility.Greencoat UK Wind was 1.4% lower early on in the FTSE 250. Also losing out in the mid-cap index was Close Brothers, down 2.2%, after Citigroup cut its rating for the stock to Sell. Euromoney Institutional Investor was 0.7% higher as it reported a solid first quarter, with revenue falling to GBP92.6 million from GBP100.8 million in the three months to December year-on-year on the back of a sale.Underlying revenue grew 1%, while underlying subscription revenue also increased 1%.Euromoney has left its outlook for its full year unchanged, and added its cash position is strong and its strategy overall is going well.Ferrexpo was 4.0% higher. The iron ore pellet company has gained 34% in the past week following a surge in iron ore prices following the Brumadinho dam disaster in Brazil a week ago. Elsewhere, advertiser M&C Saatchi was 6.7% higher as it expects results in line with expectations for 2018, with organic growth beating sector averages. The company also expects further "good" progress n 2018, with a solid start to the year made.M&C Saatchi has also sold its 25% stake in media agency Walker Media for GBP25 million, with funds to be used "to fund future growth".With a deadline for closing trade negotiations a month away, US President Donald Trump sat down with a high-ranking Chinese delegation at the White House on Thursday, in an attempt to advance a deal and stave off a slew of new tariffs.Trump, speaking after two days of intense talks between negotiating teams, said a final deal can only be reached when he meets with Chinese President Xi Jinping in February, though there is not yet a fixed date.The US has already raised tariffs on USD250 billion worth of Chinese imports, and Beijing has retaliated. If no deal is reached on March 1, the US will up the tariffs on USD200 billion worth of goods, from 10% to 25%, which could roil global markets.Some of the outstanding issues involve Trump's concerns over the US trade deficit with China and Beijing's rules on market access and intellectual property, effectively meaning Washington wants significant changes to China's economic model.In the US on Thursday, Wall Street ended mostly higher, with the Dow Jones Industrial Average ending 0.1% lower, the S&P 500 up 0.9%, and the Nasdaq Composite up 1.4%.In the UK, the 650 members of the UK Parliament's main elected house, the Commons, are expected to give up a scheduled one-week holiday next month to allow more time to debate Brexit-related legislation, the government said on Thursday.Andrea Leadsom, Prime Minister Theresa May's leader in the Commons, said the Conservative government had "no plans to bring forward a motion to agree dates for the February recess," which had been scheduled from February 18-22.She said Parliament might "need to continue to sit to make progress on the key business before it," following Tuesday's narrow majority in support of May's plan to negotiate changes to the Brexit withdrawal agreement."I think our constituents would expect the house to continue to make progress at this important time," Leadsom said.The pound was lower, quoted at USD1.3102 early Friday, compared to USD1.3137 at the close Thursday.In mainland Europe, the CAC 40 in Paris and the DAX 30 in Frankfurt were up 0.1% and down 0.1% respecitvely. Japan and the EU launched the world's largest open trade zone Friday, covering about a third of the global economy.Its participants said the massive deal stands as a rebuke to protectionist threats, notably from President Trump. It will cover around 635 million people."Europe and Japan are sending a message to the world about the future of open and fair trade," European Commission President Jean-Claude Juncker said in a statement."Our agreement shows that trade is about more than quotas and tariffs, or millions and billions," he added. "It is about values, principles and fairness."The Japanese Nikkei 225 index closed 0.1% higher on Friday. In China, the Shanghai Composite ended up 1.3%, while the Hang Seng index in Hong Kong ended marginally lower.Overnight, China's manufacturing PMI for January slipped to 48.3 from 49.7 in December. The reading was the lowest since February 2016.Japan also released a manufacturing PMI reading, showing the manufacturing sector continued to expand in January, albeit at a slower pace, with a manufacturing PMI score of 50.3.That's down from 52.6 in December, although it remains above the line of 50 that separates expansion from contraction.Still to come on Friday are more manufacturing PMIs, from Italy at 0845 GMT, France at 0850 GMT, Germany at 0855 GMT, the eurozone at 0900 GMT, and UK at 0930 GMT.

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15 Feb 2024 08:58

LONDON MARKET OPEN: Stocks rise as poor UK data puts eyes on BoE

(Alliance News) - Stock prices in London opened higher on Thursday, following a tepid UK economic reading which could put the pressure on the Bank of England to consider cutting interest rates.

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15 Feb 2024 08:58

Close Brothers scraps dividend, shares plunge

(Sharecast News) - Shares in Close Brothers tumbled on Thursday after the financial services group scrapped its dividend amid a regulator probe into car financing.

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15 Feb 2024 08:31

TOP NEWS: Close Brothers axes payout as warns FCA motor finance probe

(Alliance News) - Close Brothers Group PLC on Thursday warned on its dividend, sending its stock crashing, as it prepares to count the cost of a UK probe into motor finance.

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15 Feb 2024 07:56

LONDON BRIEFING: Relx optimistic; BHP to book USD6 billion hit

(Alliance News) - Equity prices in London are called to open higher on Thursday, overlooking a poor reading of the UK economy and clinging onto Bank of England interest rate optimism following Wednesday's softer-than-expected inflation reading.

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13 Feb 2024 08:47

JPMorgan Global Growth & Income launches share offer at premium

(Alliance News) - JPMorgan Global Growth & Income PLC on Tuesday announced plans for an equity raise at a premium to net asset value, saying the offer was prompted by an approach by an unnamed "large wealth manager" interested in buying its shares.

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2 Feb 2024 16:59

London close: Stocks mixed as US payrolls come in red-hot

(Sharecast News) - London's stock markets closed with mixed results on Friday, as investors were confronted by an unexpectedly strong US labour market as revealed in the latest US non-farm payrolls report.

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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23 Jan 2024 09:21

LONDON BROKER RATINGS: HSBC cuts Compass; Berenberg lowers Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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23 Jan 2024 08:29

CORRECT (Jan 18): UK earnings, trading statements calendar

Please note that Close Brothers Group PLC was not scheduled to release a trading statement on Friday 19 January. This calendar entry was in error.

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15 Jan 2024 16:57

LONDON MARKET CLOSE: Sluggish stocks slip back in absence of US spur

(Alliance News) - Stocks in London were marked lower on Monday with the lack of direction from Wall Street, with US markets closed, adding to the subdued mood.

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12 Jan 2024 15:07

UK earnings, trading statements calendar - next 7 days

Monday 15 January 
Ashmore Group PLCTrading Statement
Assura PLCTrading Statement
Hercules Site Services PLCFull Year Results
PageGroup PLCTrading Statement
Ramsdens Holdings PLCFull Year Results
RS Group PLCTrading Statement
TwentyFour Select Monthly Income Fund LtdFull Year Results
Tuesday 16 January 
Alliance Pharma PLCTrading Statement
CAB Payments Holdings PLCTrading Statement
Card Factory PLCTrading Statement
Catalyst Media Group PLCFull Year Results
DFS Furniture PLCTrading Statement
Experian PLCTrading Statement
Genel Energy PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
McBride PLCTrading Statement
Naked Wines PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Revolution Bars Group PLCTrading Statement
Rio Tinto PLCTrading Statement
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 17 January 
888 Holdings PLCTrading Statement
Alpha Group International PLCTrading Statement
Antofagasta PLCTrading Statement
Bankers Investment Trust PLCFull Year Results
Brooks Macdonald Group PLCTrading Statement
Diploma PLCTrading Statement
Frontier Developments PLCHalf Year Results
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCHalf Year Results
Ibstock PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Midwich Group PLCTrading Statement
Oxford BioDynamics PLCFull Year Results
Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
Safestore Holdings PLCFull Year Results
Smiths Group PLCTrading Statement
Team17 Group PLCTrading Statement
Thursday 18 January 
AJ Bell PLCTrading Statement
Bakkavor Group PLCTrading Statement
boohoo Group PLCTrading Statement
Centamin PLCFull Year Results
Centaur Media PLCTrading Statement
Costain Group PLCTrading Statement
Craneware PLCTrading Statement
Currys PLCTrading Statement
Dr Martens PLCTrading Statement
Dunelm Group PLCTrading Statement
Energean PLCTrading Statement
Flutter Entertainment PLCTrading Statement
Harbour Energy PLCTrading Statement
Headlam Group PLCTrading Statement
Hotel Chocolat Group PLCTrading Statement
Judges Scientific PLCTrading Statement
Kier Group PLCTrading Statement
Marshalls PLCTrading Statement
N Brown Group PLCTrading Statement
NewRiver REIT PLCTrading Statement
Sage Group PLCTrading Statement
TheWorks.co.uk PLCHalf Year Results
WAG Payment Solutions PLCTrading Statement
Friday 19 January 
4imprint Group PLCTrading Statement
AB Dynamics PLCFull Year Results
Close Brothers Group PLCTrading Statement
Deliveroo PLCTrading Statement
Petershill Partners PLCTrading Statement
Spirent Communications PLCTrading Statement
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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17 Nov 2023 15:49

UK dividends calendar - next 7 days

Monday 20 November 
Dunelm Group PLCdividend payment date
Tuesday 21 November 
no events scheduled 
Wednesday 22 November 
CRH PLCdividend payment date
Henderson Eurotrust PLCdividend payment date
Thursday 23 November 
abrdn Asia Focus PLCex-dividend payment date
abrdn Asia Focus PLCspecial ex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Babcock International Group PLCex-dividend payment date
Blackrock Sustainable American Income Trust PLCex-dividend payment date
Blackrock World Mining Trust PLCex-dividend payment date
British Land Co PLCex-dividend payment date
Castings PLCex-dividend payment date
Craneware PLCex-dividend payment date
DCC PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Great Portland Estates PLCex-dividend payment date
HICL Infrastructure PLCex-dividend payment date
Invesco Asia Trust PLCdividend payment date
JPMorgan Asia Growth & Income PLCdividend payment date
Kainos Group PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Liontrust Asset Management PLCex-dividend payment date
Lok'n Store Group PLCdividend payment date
ME Group International PLCdividend payment date
National Grid PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
RS Group PLCex-dividend payment date
Scottish Mortgage Investment Trust PLCex-dividend payment date
Serica Energy PLCdividend payment date
Tate & Lyle PLCex-dividend payment date
Tatton Asset Management PLCex-dividend payment date
Urban Logistics REIT PLCex-dividend payment date
Vodafone Group PLCex-dividend payment date
Volution Group PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
Young & Co's Brewery PLCex-dividend payment date
Friday 24 November 
abrdn Asian Income Fund Ltddividend payment date
abrdn Smaller Companies Income Trust PLCspecial dividend payment date
Alternative Income REIT PLCdividend payment date
Close Brothers Group PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Eaton Corpdividend payment date
Edinburgh Investment Trust PLCdividend payment date
FW Thorpe PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Hansa Investment Co Ltddividend payment date
Henderson Far East Income Ltddividend payment date
Impact Healthcare REIT PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
MJ Gleeson PLCdividend payment date
Mulberry Group PLCdividend payment date
Next 15 Group PLCdividend payment date
Primary Health Properties PLCdividend payment date
Ricardo PLCdividend payment date
S&U PLCdividend payment date
Smiths Group PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Tesco PLCdividend payment date
Warpaint London PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

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16 Nov 2023 10:50

Close Brothers Winterflood arm but by weaker "investor appetite"

(Alliance News) - Close Brothers Group PLC on Thursday reported a mixed first-quarter of its financial year, with a creditable performance in its banking business, though it is grappling with "unfavourable" conditions in its market-facing arm.

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16 Nov 2023 09:14

Close Brothers' Winterflood unit continues to struggle in Q3

(Sharecast News) - Merchant banking group Close Brothers said on Thursday that its Winterflood financial planning and investment service unit has continued to struggle amid considerable headwinds in the equity trading market.

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