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Share Price Information for Close Bros (CBG)

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Share Price: 426.80
Bid: 426.60
Ask: 427.20
Change: 6.20 (1.47%)
Spread: 0.60 (0.141%)
Open: 430.80
High: 432.60
Low: 422.80
Prev. Close: 420.60
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LONDON MARKET PRE-OPEN: Gatwick Drone Hits easyJet Passengers Numbers

Tue, 22nd Jan 2019 07:46

LONDON (Alliance News) - Stock prices in London are set to open lower on Tuesday following a downbeat global economic outlook by the IMF and ahead of the latest UK average earnings and employment data release.In early UK company news, easyJet guided for its full-year performance to be in line with market expectations but passenger numbers were held back by the drone incident at Gatwick airport over Christmas. Dixons Carphone reported "good" Christmas sales, in line with expectations, which saw the mobile phone and consumer electronics retailer produce record sales against a "tough backdrop".IG says futures indicate the FTSE 100 index of large-caps to open 26.39 points or 0.4% lower on Tuesday at 6,944.20. The FTSE 100 index closed up 2.26 points at 6,970.59 on Monday.Stock markets in the US were closed on Monday for Martin Luther King Jr Day and will re-open on Tuesday.In Asia on Tuesday, the Japanese Nikkei 225 index closed down 0.5%. In China, the Shanghai Composite closed down 1.2%, while the Hang Seng index in Hong Kong is down 1.1% in late trade."With no lead from the US, which was closed for the Martin Luther King public holiday, Asian markets dropped lower overnight. The latest report from the IMF confirming the markets' fears over slowing global growth gave traders few reasons to cheer," said Jasper Lawler, head of research at London Capital Group.Lawler added: "The latest IMF report cut global growth to the slowest level in three years, citing the slowing Chinese economy and Brexit as causes for concern. The fund also pointed to weakness in Japan and the eurozone and warned over the impact of trade tensions. The IMF report comes hot on the heels of China reporting the slowest annual economic growth since 1990."In its World Economic Outlook on Monday, the International Monetary Fund cut its estimate for global growth in 2019, highlighting US-China trade tensions and the risk of a no-deal Brexit in Europe.The report estimated global growth in 2018 at 3.7%, in line with the forecast made in October. However, signs of a slowdown in the second half of 2018 are expected to carry over to coming quarters.Global growth is projected to grow 3.5% in 2019, before picking up slightly to 3.6% in 2020. In October, global growth had been seen at 3.7% in 2019 and 3.7% in 2020.In the economic calendar on Tuesday are UK average earnings and unemployment rate, both due at 0930 GMT.Average earnings for the three months to January are expected to rise 3.3% on an annual basis, while the jobless rate is forecast to remain steady at 4.1%.Sterling was quoted at USD1.2870 early Tuesday ahead of the data, lower than USD1.2899 at the London equities close on Monday.easyJet's first-quarter revenue was up 14% on a year before to GBP1.30 billion with passenger revenue up 12% to GBP1.03 billion.The budget airline's passenger numbers in the quarter increased 15% to 21.6 million, which easyJet said was driven by an increase in capacity of 18% to 24.1 million. Passenger numbers and capacity were both "slightly" below easyJet's expectations. The lower numbers were attributed to the drone incided in late December which shut London Gatwick for several days, as well as the late arrival of A321 deliveries from Airbus.Easyjet's load factor in the quarter decreased by 2 percentage points to 89.7%. Total revenue per seat decreased by 4.2%.Blue chip miner BHP Group reported a number of operational difficulties during its first half, though it upgraded copper production guidance nonetheless.For the six months to December, BHP's copper output fell 1% year-on-year to 825,000 tonnes. For the second quarter, production was down 3% year-on-year but up 2% quarter-on-quarter to 416,000 tonnes. Copper guidance for the year ending June has been increased to between 1.65 million tonnes and 1.74 million tonnes, from 1.62 million tonnes and 1.71 million tonnes before.BHP said copper production was helped by "record" production at Cerro Colorado and higher volumes at Spence, though expected lower grades at Escondida did hurt volumes. All three are in Chile. Dixons Carphone's like-for-like sales in the 10 weeks ended January 5 were up 1%, with reported revenue flat. The FTSE 250-listed retailer said like-for-like UK & Ireland electrical sales were up 2%, but mobile sales in the region were down 7%.Like-for-like International sales were up 5%, with reported revenue growth of 4%."Peak trading was solid and in line with expectations, producing record sales against a tough backdrop. We continued to grow our leading electrical market positions in all territories, online and in-store. In UK mobile, performance was as expected. Overall, our Peak trading was disciplined and well-executed, with stable gross margins," said Chief Executive Officer Alex Baldock.Dixons Carphone reiterated its full-year profit target of GBP300 million.A "significant" change in regulation saw IG Group's first-half profit decrease.IG Group reported an interim pretax profit decrease of 17% to GBP113.0 million from GBP136.2 million a year before. The firm's net trading revenue decreased 6% to GBP251.0 million from GBP268.4 million.IG CEO June Felix said: "IG has experienced significant change and will continue to do so in the future. Change will be driven by regulation, by shifting patterns of wealth, and by the continued development of financial markets around the world."IG reiterated its intention to maintain a 43.2 pence annual dividend.Merchant bank Close Brothers said its first-half performance was solid notwithstanding the "difficult trading conditions" in its sector.Close Brothers said its loan book grew 3.1% in the period to GBP7.5 billion and its Banking division continued to perform well, in line with expectations.Negative market movements decreased Close Brothers' assets under management as at December 31 by 3% to GBP10.0 billion.Primary care property investor and developer Assura said, at December 31, it now owns 553 medical centres with a total annualised rent of GBP99.8 million, up from GBP97.0 million at September 30.CEO Jonathan Murphy said: "We are pleased to provide another positive trading update on our business, with GBP67 million of additions to the portfolio in the last three months helping grow our rent roll to GBP99.8 million. Meanwhile we continue to replenish our pipeline of acquisitions and developments which currently stands at GBP170 million."As a result of its "successful growth" in the quarter, Assura is increasing its dividend by 5% to 0.685 pence per quarter, starting from January. UK Prime Minister Theresa May faces fresh clashes in the House of Commons over launching a second Brexit referendum and blocking a no-deal.Labour wants Parliament to be given the option to back a national poll on Brexit when MPs vote on the government's EU exit stance next week.An amendment to the prime minister's Brexit motion calls for a vote on backing Labour's plan for a customs union with the EU, and whether to legislate "to hold a public vote on a deal or a proposition" supported by a Commons majority.The move came is it was understood that Work & Pensions Secretary Amber Rudd had urged Downing Street to allow Tory MPs a free vote on moves aimed at preventing a no deal, amid fears that dozens of ministers could otherwise resign.Meanwhile, the Daily Telegraph reported that Tory HQ has been effectively put on a snap general election "war footing" due to the Brexit situation in Parliament.Elsewhere in the economic calendar on Tuesday, Germany's ZEW economic sentiment survey is at 1000 GMT, while the eurozone ZEW survey is due out at the same time. The World Economic Forum continues in Davos on Tuesday.

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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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