Close Brothers Group H1 Earnings Call Highlights [Yahoo! Finance]
CLOSE BROS GRP UNSP/ADR (CBGPY)
NASDAQ:AMEX Investor Relations:
closebrothers.com/investor-relations
Company Research
Source: Yahoo! Finance
management described as resilient underlying performance, a strengthened capital position, and an accelerated transformation program aimed at lowering costs and rebuilding returns to “double-digit” return on tangible equity (ROTE) by 2028. Management response to Viceroy report and regulatory backdrop Chief Executive Mike Morgan opened the call by addressing a research report published by Viceroy Research focused on the group's provisioning for motor finance commissions and the potential capital impact. Morgan said Close Brothers “strongly disagrees” with the report and stated that the group's provisioning approach is in accordance with UK-adopted international accounting standards and follows a “robust governance process.” In response to analyst questions, Morgan declined to comment on individual figures in the report but reiterated the company's disagreement with its conclusions. ? Amazon Is Rising While the Market Falls—Here's Why The group is still awaiting details of the F
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News
- Close Brothers Group plc (CBGPY) Q2 2026 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Close Brothers to cut 600 jobs amid warnings of ‘wipeout' from car finance scandal [Yahoo! Finance]Yahoo! Finance
- How The Close Brothers Group (LSE:CBG) Narrative Is Shifting Around The £5.29 Target [Yahoo! Finance]Yahoo! Finance
- How A New Price Target Is Shaping The Story For Close Brothers Group (LSE:CBG) [Yahoo! Finance]Yahoo! Finance
- Close Brothers faces renewed scrutiny over cost-to-income targets [Yahoo! Finance]Yahoo! Finance