Close Brothers shrugs off Brexit worries as FY profit rises



British lender Close Brothers Group reported a 4 percent rise in full-year adjusted profit due to a strong banking division and said retail trading had improved in its market-making business, driven in part by Britain's vote to leave the European Union.
The Brexit vote had little direct impact on demand at the company's retail, commercial, and property lending operations, Chief Executive Preben Prebensen told Reuters.
Unlike companies such as IG Group and CMC Markets, Close Brothers said its market-maker, Winterflood, reported an improvement in retail trading activity in the second half.... read more

 
27 September 2016 in Business, Views: 43
Source: Reuters
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