Close Brothers Group plc
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- Close Brothers Group plc is a leading UK merchant banking group providing specialist lending, deposit taking, and securities trading services principally to small businesses and individuals. Founded in 1878 and headquartered at 10 Crown Place, London, the company operates primarily in the United Kingdom and Ireland, employing approximately 3,000 people, with Close Brothers Group plc listed on the London Stock Exchange (LSE: CBG). Its core offerings span Banking, including hire purchase, leasing and loans for capital assets, debt factoring, invoice discounting, asset-based lending, other specialist SME financing, used car, motorcycle and light commercial vehicle financing, insurance premium financing, residential property development finance, commercial property funding, refurbishment and bridging finance, and savings products for individuals and corporates; Securities, encompassing market making, investment trusts advisory and broking, institutional sales trading, and outsourced custody and dealing services via Winterflood; and, until recently, wealth management through Close Brothers Asset Management (CBAM), which provided financial planning, bespoke investment management, socially responsible investments, inheritance tax services, and investment solutions. The group recently completed the sale of CBAM to funds managed by Oaktree Capital Management for up to £200 million in equity value in 2025, strengthening its capital position and enabling a sharper focus on core lending activities; it also agreed to sell Winterflood Securities to Marex Group plc for approximately £103.9 million in cash in 2025 to simplify its portfolio, enhance operational efficiency, and prioritize lending growth. These divestitures reflect a strategic shift toward its diversified banking operations in sectors such as transport, industrial equipment, renewable energy, wholesale and broker finance, and property across the UK.
Company News
Close Brothers cost beat strengthens investment case, says Shore Capital
Close Brothers Group plc (CBGPY) Q4 2026 Earnings Call Transcript
Close Brothers Group H2 Earnings Call Highlights
Close Brothers shares jump nearly 11% as cost savings beat target
UK's Close Brothers names new chair as Biggs nears end of nine year term
RBC downgrades Close Brothers and slashes price target on motor finance delay
Shore Capital turns positive on Close Brothers as motor finance fears look overdone
Close Brothers restructuring savings expected to beat guidance
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
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Close Brothers expects £320m hit from new FCA motor finance scheme
Britain's Close Brothers flags $430 million motor finance cost
UBS upgrades Close Brothers to buy with 555p target as motor redress fears seen overdone
Close Brothers upgraded to buy as broker calls Viceroy sell-off overdone
Close Brothers Group plc (CBGPY) Q2 2026 Earnings Call Transcript
Close Brothers plans job cuts after profits dented by motor finance hit
UK's Close Brothers to cut 600 jobs by 2027
Close Brothers' shares tumble after being targeted by short seller; firm counters claims