21st Jul 2016 07:06
LONDON (Alliance News) - Financial services company Close Brothers Group PLC on Thursday said trading in the five months to the end of June was in line with its expectations.
The FTSE 250-listed firm, which runs banking, securities and asset management operations, said it remains confident it will deliver a "solid" result for the year to the end of July 31. It will publish annual results on September 27.
Close said its banking arm has continued to show good growth, with its overall loan book up 7.2% in the five-month period and up 12% for the eleven months to the end of July.
Trading for the Winterflood securities business has continued to improve and was helped by the increase in trading volumes in the wake of the UK's decision to leave the European Union.
Asset management net inflows have continued and market movements were positive, Close said. Total clients assets on its books increased to GBP9.6 billion from GBP9.1 billion at the end of January, with managed assets up to GBP7.8 billion from GBP7.3 billion.
By Sam Unsted; [email protected]; @SamUAtAlliance
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