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Share Price Information for Close Bros (CBG)

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Share Price: 426.40
Bid: 426.20
Ask: 426.80
Change: 5.80 (1.38%)
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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27 Jan 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises 888; Peel Hunt cuts Antofagasta

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

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27 Jan 2023 07:56

LONDON BRIEFING: Direct Line CEO Penny James out after profit warning

(Alliance News) - Stocks in London were called to opened higher on Friday, after a good day in New York on Thursday following some better-than-expected US GDP figures.

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26 Jan 2023 09:44

LONDON BROKER RATINGS: RBC cuts Ocado; Bernstein cuts easyJet

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

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20 Jan 2023 16:55

LONDON MARKET CLOSE: FTSE 100 steadies after difficult week

(Alliance News) - European equities closed higher on Friday, clawing back some losses at the end of a week which saw post-new year optimism in stock markets give way to caution.

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20 Jan 2023 11:27

China's reopening might not be so friendly

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

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20 Jan 2023 10:17

U.S. equities: earnings disconnect with 2023 guidance

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

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20 Jan 2023 09:02

LONDON MARKET OPEN: FTSE 100 lifted by commodities despite UK gloom

(Alliance News) - Stock prices in London opened higher on Friday morning, despite UK retail sales unexpectedly falling in December and consumer confidence dropping to a historic low, with miners and oil companies again providing a much-needed lift to the FTSE 100.

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20 Jan 2023 08:56

TOP NEWS: Close Brothers boasts strong margins; Novitas woes persist

(Alliance news) - Close Brothers Group PLC on Friday said it delivered a "resilient" performance in its first half, but posted a weak performance from Winterflood, and warns it expects further provisions against the Novitas loan book.

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20 Jan 2023 07:51

LONDON BRIEFING: UK retail sales fall in December; US Fed to stay firm

(Alliance News) - Stock prices in London were set to open higher on Friday, despite a warning about higher-for-longer US interest rates and an unexpected fall in UK retail sales in December.

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20 Jan 2023 07:23

Novitas loan book still dragging on Close Brothers

(Sharecast News) - Merchant banking group Close Brothers described a resilient performance in its first-half on Friday, despite an uncertain market backdrop.

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13 Jan 2023 15:47

UK earnings, trading statements calendar - next 7 days

Monday 16 January 
Ashmore Group PLCTrading Statement
Hercules Site Services PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Rio Tinto PLCTrading Statement
Tuesday 17 January 
Alliance Pharma PLCTrading Statement
Card Factory PLCTrading Statement
Crest Nicholson Holdings PLCFull Year Results
Experian PLCTrading Statement
Genel Energy PLCTrading Statement
Hays PLCTrading Statement
Henry Boot PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Ramsdens Holdings PLCFull Year Results
Safestore Holdings PLCFull Year Results
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 18 January 
Associated British Foods PLCTrading Statement
Burberry Group PLCQ3 Results
Currys PLCTrading Statement
Diploma PLCTrading Statement
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCTrading Statement
Ibstock PLCTrading Statement
Kenmare Resources PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Midwich Group PLCTrading Statement
Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
Vistry Group PLCTrading Statement
QinetiQ Group PLCTrading Statement
WH Smith PLCTrading Statement
Thursday 19 January 
AJ Bell PLCTrading Statement
Bakkavor Group PLCTrading Statement
BHP Group LtdTrading Statement
boohoo Group PLCTrading Statement
Centamin PLCTrading Statement
Deliveroo PLCTrading Statement
Dunelm Group PLCTrading Statement
Energean PLCTrading Statement
Frontier Developments PLCHalf Year Results
Harbour Energy PLCTrading Statement
Headlam Group PLCTrading Statement
Ilika PLCHalf Year Results
Kier Group PLCTrading Statement
Luceco PLCTrading Statement
Network International Holdings PLCTrading Statement
Premier Foods PLCTrading Statement
Sage Group PLCTrading Statement
Zotefoams PLCTrading Statement
Friday 20 January 
4imprint Group PLCTrading Statement
Close Brothers Group PLCTrading Statement
Goldplat PLCFull Year Results
Ninety One PLCTrading Statement
TheWorks.co.uk PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Jan 2023 10:39

Canaccord Genuity hits Close Brothers with double downgrade

(Sharecast News) - Analysts at Canaccord Genuity slapped merchant banking group Close Brothers with a double downgrade from 'buy' to 'sell' and cut their target price on the stock from 1,483.0p to 992.0p, warning that macro risks had still not been "fully priced in".

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11 Jan 2023 09:48

LONDON BROKER RATINGS: Citi cuts Frontier Developments; BofA ups Sage

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

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21 Dec 2022 09:42

LONDON BROKER RATINGS: RBC raises price targets for bank shares

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

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21 Dec 2022 07:55

LONDON BRIEFING: UK public sector borrowing shoots up in November

(Alliance News) - Stock prices in London were called to open higher on Wednesday, after a positive finish on Wall Street.

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