(Alliance News) - European blue-chips opened in the green on Monday, as shares in Lloyds and Close Brothers jump on news of potential motor finance compensation schemes. Read More
(Alliance News) - London's FTSE 100 opened higher on Monday, as the US plans an extension of its tariff pause with China and small businesses in the UK brace for the impact of US tariffs on exports. Read More
(Alliance News) - London's FTSE 100 opened higher on Monday, as the US plans an extension of its tariff pause with China and small businesses in the UK brace for the impact of US tariffs on exports. Read More
(Alliance News) - Lenders have avoided potentially having to pay compensation to millions of drivers after the UK Supreme Court ruled they are not liable for hidden commission payments in car finance schemes. Read More
(Alliance News) - The UK Supreme Court is to rule on Friday on whether millions of motorists could be entitled to compensation on their hire-purchase agreements. Read More
Close Brothers Group PLC - London-based merchant bank - Confirms the UK Supreme Court will announce its judgment in respect of the company's appeal of the "Hopcraft" motor finance commissions case next Friday after the close of trading. Close Brothers says that the parties will not receive a copy of the draft judgment in advance of publication and therefore does not know the outcome of the appeal. The appeal was heard in April. Close Brothers is challenging a Court of Appeal ruling from October last year, which found that "secret" commission payments to car dealers as part of finance arrangements made before 2021 without the motorist's fully informed consent, were unlawful. Read More
(Alliance News) - The FTSE 100 ended a six-day winning streak to close a strong week on the back foot, ahead of pending US trade talk deadlines. Read More
Close Brothers Group PLC - London-based merchant bank - Agrees to sell City broker Winterflood Securities, to London-based Marex Group PLC for GBP103.9 million in cash. The deal is expected to complete in early 2026 and is subject to regulatory approval. "This transaction marks another important step in simplifying the group to focus on our core specialist lending business, following the sale of [Close Brothers Asset Management] in February 2025," says Close Brothers Chief Executive Officer Mike Morgan. Close Brothers expects the sale proceeds to benefit its CET1 ratio by around 30 basis points, increasing it to 14.3% from 14.0%. This is based on a tangible net asset value of GBP88.9 million and assumes an immediate reduction in market and credit risk-weighted assets associated with Winterflood. Close Brothers anticipates further CET1 ratio benefits of up to around 25 basis points from a reduction in operational risk RWAs currently associated with Winterflood "in due course". A goodwill impairment loss of roughly GBP15 million will be taken in the company's 2025 accounts. Read More
(Alliance News) - London stocks are called higher on Friday, as a UK retail data reading shows a rise in sales in June that fell short of expectations. Read More
(Alliance News) - Close Brothers Group PLC on Tuesday said it has agreed to sell its business that rents beer kegs and casks to a fund managed by MML Capital, as the UK merchant bank seeks to simplify its portfolio and focus on core lending operations. Read More
(Alliance News) - Close Brothers Group PLC on Wednesday said it will focus on commercial lines within its insurance premium finance business, reducing its emphasis on personal lines. Read More
(Alliance News) - Stock prices in Europe opened in the green on Wednesday, shaking off a more stern tone from US President Donald Trump on trade policy, though the threat of sector tariffs on copper and pharmaceuticals hit miners and drug makers. Read More
(Alliance News) - Secure Trust Bank PLC on Wednesday said it will stop new lending within its Vehicle Finance business and put the existing book into run-off, after a UK court ruling late last year requiring lenders to provide customer redress for commission payments made for business referrals from motor dealers. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The FTSE 100 held modest gains at the close on Wednesday while a strong inflation print sent sterling to a three-year high. Read More
(Alliance News) - Close Brothers Group PLC on Wednesday said its loan book decreased in the third quarter with lower activity in some of its businesses. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More