Close Brothers Group (CBG.L) reported a first half operating loss before tax of 65.5 million pounds compared to a loss of 102.2 million pounds, last year. Basic loss per share from continuing operations was 51.0 pence compared to a loss of 81.8 pence. Adjusted operating profit declined to 65.2 million pounds from 80.5 million pounds. Adjusted basic earnings per share from continuing operations was 27.1 pence compared to 33.8 pence.
The Group now expects adjusted operating loss from Group from central functions of approximately 45-50 million pounds in 2026, revised from prior guidance of approximately 50 million pounds. The Group now expects the delivery of transformation activities to result in a reduction in headcount of approximately 600 FTE by the end of fiscal 2027.
At last close, Close Brothers shares were trading at 357.60 pence, down 13.91%.
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