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UK's Close Bros falls after flagging potential hit to 2025 outlook



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** Shares of Close Bros CBRO.L down 2.3% at 210p

** The British lender expects potential motor finance redress claims to impact its 2025 outlook

** Says it had resumed a portion of its motor finance lending business in early November and expects a full resumption soon

** Co said it remains confident of CET1 capital ratio to be between 14% and 15% at the end of financial year 2025, excluding any potential redress or provision for motor finance redress claims

** As of October-end, its CET1 ratio was 13.2%

** CBRO stock has fallen ~74%, YTD



Reporting by Yamini Kalia in Bengaluru

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