Close Brothers see 4pc rise in AUM over 5mn

The positive results reflected improved demand particularly in property and motor finance sectors, the group said in a stock exchange announcement

Close Brothers see 4pc rise in AUM over 5mn
1 minute

Year to date, the group saw its AUM increase by 7%.

The positive results reflected improved demand particularly in property and motor finance sectors, the group said in a stock exchange announcement.

Volumes at Winterflood were stronger although this was offset by a small reduction in income per bargain, reflecting increased trading in lower margin stocks, it added.

Looking ahead, the group said its outlook was unchanged and it expected to report another strong performance for the full year.

Full year results for the period ending 31 July will be released on 24 September.

Last week, the group confirmed that former Cavanagh co-founders Andrew Fay and Simon Redgrove left the business.

 

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