Close Brothers Group Now Expect To Deliver C.£25 Million Of Annualised Savings In 2026 Financial Year
March 17 (Reuters) - Close Brothers Group PLC CBRO.L:
CLOSE BROS GRP PLC - HALF-YEAR REPORT FOR SIX MONTHS TO 31 JANUARY 2026
CLOSE BROTHERS GROUP PLC: NOW EXPECT TO DELIVER C.£25 MILLION OF ANNUALISED SAVINGS IN 2026 FINANCIAL YEAR
CLOSE BROTHERS: EXPECT TO DELIVER TOTAL OF C.£60 MILLION ANNUALISED SAVINGS BY END OF 2027 FINANCIAL YEAR (PREVIOUSLY 2028)
CLOSE BROTHERS GROUP PLC: :IN 2026 FINANCIAL YEAR, WE EXPECT NET INTEREST MARGIN TO BE SLIGHTLY LOWER THAN 7%
CLOSE BROTHERS GROUP PLC: EXPECT BAD DEBT RATIO FOR 2026 FINANCIAL YEAR, AND IN MEDIUM TERM, TO REMAIN BELOW OUR LONG-TERM AVERAGE OF 1.2%
CLOSE BROTHERS GROUP PLC: IN NEAR-TERM, WE EXPECT TO MAINTAIN OUR CET1 CAPITAL RATIO ABOVE OUR MEDIUM-TERM TARGET RANGE OF 12% TO 13%
CLOSE BROTHERS GROUP PLC: EXPECT DOUBLE-DIGIT ROTE BY 2028 FINANCIAL YEAR, RISING THEREAFTER
CLOSE BROTHERS: EXPECT DELIVERY OF TRANSFORMATION ACTIVITIES TO RESULT IN REDUCTION IN HEADCOUNT OF C.600 FTE BY END OF 2027 FINANCIAL YEAR
CLOSE BROTHERS GROUP PLC - WILL NOT PAY INTERIM DIVIDEND FOR FIRST HALF OF FY2026
