Live News EARNINGS ARTICLE M impact Sep 29, 2026, 06:50 AM UTC

Close Brothers Group: loan book growth accelerated in FY 2026; no 2026 final dividend

Close Brothers Group said underlying loan book growth accelerated through the second half of FY 2026, expects FY 2027 underlying loan book growth of 5-10% and restructuring costs of about £30-40 million, and will not pay a final dividend for the 2026 financial year.

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SquawkNews Newsroom 1 updates Updated Sep 29, 2026, 07:16 AM UTC

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07:16:07 AM UTC

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* Shares of British lender Close Brothers climb 7.5% to 415p * Top gainer on FTSE 250 index, which is up 0.21% * Co reports FY26 adjusted operating profit of £120.3 mln ($159.28 mln), ahead of a company-compiled consensus of £111 mln * Co expects loan book growth of 5-10% in FY27; forecasts net interest margin to be slightly lower than in FY26 * Stock down ~26.1% YTD (Reporting by Anushka Chourasia in Bengaluru) ((Anushka.Chourasia@thomsonreuters.com)

a. £430 Million In Fy 2027 Close Brothers Group Plc: Other Motor Finance Commissions Related Costs For Fy27, Broadly Similar To Fy 2026 Close Brothers Group Plc: Expect To Exceed £60 Million Of Annualised Cost Savings By End Of Fy 2027 Close Brothers Group Plc: Expect Adjusted Operating Expenses To Be At Lower End Of £410-430 Million Range In 2028 Financial Year Close Brothers Group Plc: Group Will Not Pay A Final Dividend On Its Ordinary Shares For 2026 Financial Year Source text:... com;)