Close Bros weighed down by Winterflood business

Banking, securities and asset management firm Close Brothers Group has admitted that difficult trading conditions in the Winterflood division continued to affect its overall performance during the five months ended June 30th, but said the Banking division delivered another strong performance in the period.

Banking, securities and asset management firm Close Brothers Group has admitted that difficult trading conditions in the Winterflood division continued to affect its overall performance during the five months ended June 30th, but said the Banking division delivered another strong performance in the period.

The Securities division continues to experience difficult market conditions and within this Winterflood has been affected by low retail investor risk appetite throughout the period.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.