Proactive Investors
29 Sept 2026, 07:53 UTC · 21m ago
Verdict
Headline leans bullish. We score CBG +0.40 across five claims.
Score confirms the headline.
Leans bullish
From its wording — no explicit rating
+0.40moderately bullish
What the story claims
5 claims · scored −1 bearish … +1 bullish · 5 new · 0 priced in
Close Brothers reported annualised cost savings of £36 million for the year to 31 July, beating its £25 million target.
Newpublished 29 Sep 2026
So whatThe company now projects these savings to more than double to over £60 million by FY2027.
More positive than 93% of claims this week
The group will not pay a final dividend for 2026 due to uncertainty regarding the motor finance redress scheme.
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5 related stories
More positive than 67% of ticker scores this week
Scored by the NIS engine · methodology.
Top 2 movers · tap to explore
Newpublished 29 Sep 2026
More negative than 90% of claims this week
The total motor finance provision is now approximately £320 million, including a further £164.7 million provision in the recent period.
Newpublished 29 Sep 2026
So whatThe provision grew by roughly 51% from the previous total of £155.3 million.
More negative than 76% of claims this week
The Common Equity Tier 1 (CET1) capital ratio increased to 14.1% from 13.8%.
Newpublished 29 Sep 2026
So whatThe ratio currently sits 110bps above the upper bound of the 12%-13% medium-term target.
More positive than 66% of claims this week
Close Brothers expects underlying loan book growth of 5% to 10% in the current financial year.
Newpublished 29 Sep 2026
So whatThis represents an acceleration compared to the 2% underlying growth seen over the prior year.
More positive than 54% of claims this week
Which stocks this story touches
More positive than 67% of ticker scores this week
Shares jumped 11% due to faster-than-expected cost savings and a strong capital position, offsetting operating losses and motor finance provisions.
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6h ago
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