Close Bros Flags Hit To 2025 Forecast From Potential Motor Finance Redress Claims
Nov 21 (Reuters) -Close Brothers Group PLC CBRO.L:
TRADING STATEMENT
REMAIN CONFIDENT THAT GROUP'S CET1 CAPITAL RATIO WILL BE BETWEEN 14% AND 15% AT END OF 2025 FINANCIAL YEAR
CONTINUE TO ANALYSE ANY ADJUSTMENTS TO TIMING AND STRUCTURE OF A POTENTIAL TRANSACTION IN LIGHT OF RECENT COURT JUDGMENT
MAINTAINING OUR PREVIOUSLY COMMUNICATED GUIDANCE FOR 2025 FINANCIAL YEAR
ANTICIPATE THERE MAY BE SOME FINANCIAL IMPACT FROM MEASURES TAKEN IN RESPONSE TO COURT JUDGMENT
SINCE 2 NOV, RESTARTED SIGNIFICANT PORTION OF UK MOTOR FINANCE LENDING & EXPECT FULL RESUMPTION IN VERY NEAR FUTURE
Source text: ID:nRSU0430Na
Further company coverage: CBRO.L
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