20th May 2016 15:10
LONDON (Alliance News) - Close Brothers Group PLC Friday said Chief Executive Officer Preben Prebensen bought shares as the financial services company said it delivered an improved performance in the third quarter, with good trading for all three of its divisions.
Prebensen bought 23,357 shares at a price of GBP12.796784 each on Friday and now holds 740,921 shares, or a 0.49% stake.
Close, which runs banking, securities and asset management operations, said its banking arm has continued to see good demand for its specialist lending services. In the third quarter to the end of April, the loan book increased 4.0% over the quarter and 8.2% in the nine months to the end of April to GBP6.2 billion.
Winterflood, the securities arm, has seen its performance improve after tough market conditions in the first half. While its asset management business also delivered solid net inflows in the quarter, up 4.0% to GBP7.5 billion from GBP7.3 billion at the end of January.
The stock was up 4.7% at 1,282.00p, one of the best performers in the FTSE 250 Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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