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Share Price Information for Close Bros (CBG)

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Share Price: 425.60
Bid: 425.20
Ask: 426.20
Change: 5.00 (1.19%)
Spread: 1.00 (0.235%)
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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6 Dec 2022 10:26

LONDON BROKER RATINGS: JPMorgan cuts Lloyds but raises Barclays

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

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6 Dec 2022 08:53

JPMorgan upgrades Barclays, downgrades Lloyds

(Sharecast News) - JPMorgan Cazenove rejigged its ratings on UK and European bank stocks on Tuesday as it turned more cautious on the sector relative to consensus, arguing that slower economic growth will weigh on sentiment.

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6 Dec 2022 07:55

LONDON BRIEFING: Ashtead raises annual guidance after strong half

(Alliance News) - Stock prices in London were called to open lower on Tuesday, following a weak New York close, as some strong US data stoked interest rate hike fears.

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1 Dec 2022 11:58

abrdn Equity NAV per share falls but increases dividend

(Alliance News) - abrdn Equity Income Trust PLC on Thursday reported a fall in net asset value per share in its recent financial year, although it continued its impressive dividend record with a 22nd consecutive increase.

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17 Nov 2022 12:13

Close Brothers boasts solid first quarter amid higher net inflows

(Alliance News) - Close Brothers Group PLC on Thursday hailed a "solid start" to financial year 2023.

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17 Nov 2022 08:43

Close Brothers delivers 'solid' Q1 performance amid 'challenging' conditions

(Sharecast News) - Merchant banking group Close Brothers said on Thursday that it had delivered a "solid" first quarter performance despite trading in "challenging" market conditions.

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15 Nov 2022 15:38

UK dividends calendar - next 7 days

Wednesday 16 November 
Coats Group PLCdividend payment date
Redrow PLCdividend payment date
Strategic Equity Capital PLCdividend payment date
Supermarket Income REIT PLCdividend payment date
Thursday 17 November 
Aquila Energy Efficiency Trust PLCex-dividend payment date
Aveva Group PLCex-dividend payment date
BlackRock Greater Europe Investment Trust PLCex-dividend payment date
Bunzl PLCex-dividend payment date
Bytes Technology Group PLCex-dividend payment date
Centrica PLCdividend payment date
Civitas Social Housing PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
CVS Group PLCex-dividend payment date
DCC PLCex-dividend payment date
FirstGroup PLCex-dividend payment date
Genus PLCex-dividend payment date
GSK PLCex-dividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
ICG Enterprise Trust PLCex-dividend payment date
Impellam Group PLCspecial dividend date
James Halstead PLCex-dividend payment date
Lookers PLCex-dividend payment date
Murray Income Trust PLCex-dividend payment date
NextEnergy Solar Fund Ltdex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
Regional REIT Ltdex-dividend payment date
Scottish American Investment Company PLCex-dividend payment date
UK Commercial Property REIT Ltdex-dividend payment date
Unilever PLCex-dividend payment date
Vh Global Sustainable Energy Opportunities PLCex-dividend payment date
Volex PLCex-dividend payment date
Young & Co.'s Brewery PLCex-dividend payment date
Friday 18 November 
abrdn Asian Income Fund Ltddividend payment date
Dechra Pharmaceuticals PLCdividend payment date
Howden Joinery Group PLCdividend payment date
International Public Partnerships Ltddividend payment date
JPMorgan Emerging Markets Investment Trust PLCdividend payment date
JPMorgan Japan Small Cap Growth & Income PLCdividend payment date
LXI REIT PLCdividend payment date
Morgan Advanced Materials PLCdividend payment date
Murray International Trust PLCdividend payment date
Smiths Group PLCdividend payment date
Taylor Wimpey PLCdividend payment date
Vistry Group PLCdividend payment date
Monday 21 November 
no events scheduled 
Tuesday 22 November 
Close Brothers Group PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

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14 Nov 2022 11:37

Investec cuts Close Brothers to 'sell'

(Sharecast News) - Investec cut its rating on Close Brothers Group to 'sell' on Monday, after a spike in the merchant bank's share price.

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14 Nov 2022 09:25

LONDON BROKER RATINGS: Credit Suisse cuts Ferrexpo to 'neutral'

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

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10 Nov 2022 15:52

UK earnings, trading statements calendar - next 7 days

Friday 11 November 
Beazley PLCHalf Year Results
Permanent TSB Group Holdings PLCTrading Statement
TheWorks.co.uk PLCTrading Statement
Urban Logistics REIT PLCHalf Year Results
Monday 14 November 
Atalaya Mining PLCQ3 Results
Biome Technologies PLCTrading Statement
Cake Box Holdings PLCHalf Year Results
Diversified Energy Co PLCTrading Statement
HgCapital Trust PLCQ3 Results
Informa PLCTrading Statement
Kainos Group PLCHalf Year Results
MySale Group PLCFull Year Results
S4 Capital PLCQ3 Results
SRT Marine Systems PLCHalf Year Results
Totally PLCHalf Year Results
Tuesday 15 November 
AdEPT Technology Group PLCHalf Year Results
BAE Systems PLCTrading Statement
Gear4Music PLCHalf Year Results
Imperial Brands PLCFull Year Results
Land Securities Group PLCHalf Year Results
Melrose Industries PLCTrading Statement
Ninety One PLC and LtdHalf Year Results
R&Q Insurance Holdings LtdQ1 Results
Speedy Hire PLCHalf Year Results
Vesuvius PLCTrading Statement
Vodafone Group PLCHalf Year Results
Wincanton PLCHalf Year Results
Workspace Group PLCHalf Year Results
Wednesday 16 November 
Aristocrat Leisure LtdFull Year Results
British Land Co PLCHalf Year Results
Castings PLCHalf Year Results
CMC Markets PLCHalf Year Results
Enteq Technologies PLCHalf Year Results
Experian PLCHalf Year Results
Mediclinic International PLCHalf Year Results
Premier Foods PLCHalf Year Results
Renold PLCHalf Year Results
Sage Group PLCFull Year Results
Schroder Global Real Estate SecuritiesHalf Year Results
Schroder Real Estate Investment Trust LtdHalf Year Results
SSE PLCHalf Year Results
Thursday 17 November 
Burberry Group PLCHalf Year Results
Close Brothers Group PLCTrading Statement
Fuller, Smith & Turner PLCHalf Year Results
Grainger PLCFull Year Results
Great Portland Estates PLCHalf Year Results
Halma PLCHalf Year Results
Integrated Diagnostics Holdings PLCQ3 Results
Intermediate Capital Group PLCHalf Year Results
International Distributions Services PLCHalf Year Results
Investec PLC and LtdHalf Year Results
Keller Group PLCTrading Statement
Mitie Group PLCHalf Year Results
Pershing Square Holdings LtdQ3 Results
Redcentric PLCHalf Year Results
Seraphim Space Investment Trust PLCQ1 Results
Spirax-Sarco Engineering PLCTrading Statement
Syncona LtdHalf Year Results
Tyman PLCTrading Statement
Virgin Money UK PLCFull Year Results
Zytronic PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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10 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

Friday 11 November 
88 Energy LtdGM proposed resolutions vote
Abcam PLCGM re approval to leave AIM on 14 December
Galliford Try Holdings PLCAGM
Ingenta PLCGM capital allocation
Redrow PLCAGM
Monday 14 November 
DeepVerge PLCGM re conditional placing, conditional subscription and broker offer
Tuesday 15 November 
Berkeley Energia LtdAGM
Biffa PLCGM re proposed takeover by ECP
Craneware PLCAGM
Unicorn AIM VCT PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 16 November 
European Opportunities Trust PLCAGM
Finsbury Food Group PLCAGM
GreenX Metals LtdAGM
Jubilee Metals Group PLCAGM
Litigation Capital Management LtdAGM
Marble Point Loan Financing LtdAGM
McBride PLCAGM
Petra Diamonds LtdAGM
Smiths Group PLCAGM
ThinkSmart LtdAGM
Thursday 17 November 
Advance Energy PLCAGM
Aveva Group PLCGM re acquisition by Schneider Electric
Close Brothers Group PLCAGM
Cordel Group PLCAGM
Eagle Eye Solutions Group PLCAGM
Finsbury Food Group PLCAGM
FW Thorpe PLCAGM
Henderson EuroTrust PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
New Star Investment Trust PLCAGM
Reabold Resources PLCGM re requisitioned resolutions to remove board
Ricardo PLCAGM
Seraphim Space Investment Trust PLCAGM
Superdry PLCGM re annual and remuneration report
Supermarket Income REIT PLCAGM
Thor Mining PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 Oct 2022 09:43

LONDON BROKER RATINGS: HSBC lifts Marston's; Barclays cuts Flutter

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

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18 Oct 2022 10:00

LONDON BROKER RATINGS: Antofagasta raised; Jefferies likes Dechra

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

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6 Oct 2022 15:44

UK dividends calendar - next 7 days

Friday 7 October 
Alpha FX Group PLCdividend payment date
Camellia PLCdividend payment date
Capital & Regional PLCdividend payment date
Centamin PLCdividend payment date
Drax Group PLCdividend payment date
DWF Group PLCdividend payment date
GlobalData PLCdividend payment date
Goodwin PLCdividend payment date
Greggs PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Land Securities Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Medica Group PLCex-dividend date
Personal Assets Trust PLCdividend payment date
Walker Crips Group PLCdividend payment date
Zotefoams PLCdividend payment date
Monday 10 October 
Henderson Smaller Cos Investment Trust PLCdividend payment date
Biffa PLCdividend payment date
Tuesday 11 October 
RPS Group PLCdividend payment date
Wednesday 12 October 
Assura PLCdividend payment date
Thursday 13 October 
AVI Japan Opportunity Trust PLCex-dividend date
BlackRock Latin American Investment Trust PLCex-dividend date
Close Brothers Group PLCex-dividend date
Crest Nicholson Holdings PLCdividend payment date
Custodian REIT PLCex-dividend date
Howden Joinery Group PLCex-dividend date
Invesco Bond Income Plus Ltdex-dividend date
JPMorgan Asia Growth & Income PLCex-dividend date
JPMorgan Emerging Markets Investment Trust PLCex-dividend date
JPMorgan Mid Cap Investment Trust PLCex-dividend date
Kerry Group PLCex-dividend date
M P Evans Group PLCex-dividend date
Macfarlane Group PLCdividend payment date
ME Group International PLCex-dividend date
NCC Group PLCex-dividend date
Primary Health Properties PLCex-dividend date
Ruffer Investment Co Ltdex-dividend date
Schroder Income Growth Fund PLCex-dividend date
Senior PLCex-dividend date
Spirax-Sarco Engineering PLCex-dividend date
Strategic Equity Capital PLCex-dividend date
Taylor Wimpey PLCex-dividend date
Tesco PLCex-dividend date
TT Electronics PLCdividend payment date
WPP PLCex-dividend date
XP Power Ltddividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Oct 2022 10:46

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

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

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