Close Brothers Group plc Shares


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CLOSE BROTHERS GROUP PLC (CBG) Shares

ABOUT CLOSE BROTHERS GROUP PLC

Close Brothers Group plc is a merchant banking group from the United Kingdom.

The company’s portfolio offers a variety of financial services to individuals and small businesses. Some of these services include lending solutions for businesses that has commercial growth in mind, finance for insurance brokers and motor dealers as well as specialist deposit products.

Close Brothers also provides investment and financial planning for professionals, retirees, high net worth individuals and business owners.

The company also offers securities and related services to asset managers, investors and retail brokers through Winterflood Securities. Winterflood covers numerous stocks listed on the London Stock Exchange, ICAP Securities, Alternative Investment Market and Derivatives Exchange.

Close Brothers Group plc is a FTSE 250 Index company.

It employs approximately 3 500 people and is headquartered in London, the United Kingdom.

OVERVIEW OF CLOSE BROTHERS GROUP PLC

  • Close Brothers Group plc is founded by William Brooks Close and his brothers Fred and James in 1878. The company offers mortgages in Sioux City, Iowa areas.

  • An amount of £ 10 000 are paid to the United States government in 1897 by William for rights to build the first railway in Alaska.

  • In 1984 the company lists on the London Stock Exchange. In the following years the company starts focusing on expansion.

  • In 1993 Winterflood Securities are purchased. Hill Samuel’s Corporate Finance Division and Rea Brothers follow during the next few years.

  • Close Brothers buys Commercial Acceptances Group in 2008 for a price of £ 31 million. This adds bridge and short-term lending to its growing portfolio.

  • Daiwa Securities SMBC buys Close Brothers’ corporate finance business in 2009.

  • The company now focuses on lending, capital markets, investment management and securities trading.

VISION & VALUES OF CLOSE BROTHERS GROUP PLC

  • Close Brothers Group plc values exceptional service, relationships and expertise as well as integrity, partnerships and wisdom.

  • The company acts and operates responsibly and sustainably. It supports its surrounding communities and contribute to charities that is important to its employees.

  • Organizations that benefit from the company include Make-A-Wish Foundation and Cancer Research UK, Dogs for Good autism assistance dogs and several local charity initiatives.

  • Close Brothers monitors its waste, greenhouse gas emissions and water usage in order to minimize its environmental impact.

  • It lowers energy consumption, increase recycling and makes use of green energy such as wind and solar power in its businesses.

MARKET PERFORMANCE OF CLOSE BROTHERS GROUP PLC

  • Close Brothers Group plc trades on the Financial Times Stock Exchange under the FTSE stock symbol “CBG”.

  • Data analysis for the company’s annual report ending 31 July 2019 shows an adjusted operating profit of £ 270.5 million. Operating profit before tax is £ 264.7 million.

  • Adjusted basic earnings per share are 136.7p and basic earnings per share are 133.5p. The company’s return on opening equity is 15.7 percent.

  • Profit attributable to shareholders is £ 201.6 million. Ordinary dividends are 66.0p per share.