Close Brothers meets expectations but 'no-one will push forecasts higher'

CEO reports good momentum

clock • 2 min read
Close Brothers trading update
Image:

Close Brothers trading update

Close Brothers' asset management arm has seen asset inflows equal to an annualised growth of 8%, as the firm reported "good momentum" in its latest trading update ahead of its half year end on 31 January.

The latest results have met market expectations, but the market opened on Friday (21 January) with Close Brothers shares down 1.1% in early trading. Close Brothers Asset Management delivered strong...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot