Close Brothers Group plc (CBG.L) issued scheduled trading update relating to the first quarter. The group stated that it delivered a robust performance in the first quarter.
"In our Banking division, customer demand remained healthy, alongside a strong net interest margin and a resilient credit quality. Whilst Winterflood continued to experience unfavourable market conditions, it remains well positioned to benefit when investor appetite returns," said Mike Morgan, Group Finance Director.
The Group maintained previously communicated guidance for the 2025 financial year. However, it anticipates there may be some financial impact from measures taken in response to the Court judgment, including potential further increases in professional and legal fees and associated operational costs.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.