Friday preview: Winerflood in focus at Close Brothers
Close Brothers, the banking, securities and asset management firm, issues a trading update on Friday, and followers of the company will be keen to see whether fortunes have picked up for its Securities division.
Close Brothers, the banking, securities and asset management firm, issues a trading update on Friday, and followers of the company will be keen to see whether fortunes have picked up for its Securities division.
During the quarter from 1 August 2011 to 31 October the group continued to see good demand for its lending services and delivered another strong performance, but the Securities division was hit by difficult market conditions, with income per bargain at stockbroker Winterflood substantially lower, reflecting significant volatility and a change in mix driven by lower risk appetite amongst retail investors.
The first three weeks of the new year have seen a torrent of updates from retailers, so tomorrow's UK retail sales data should not contain too many surprises. Consensus is for sales in December to have grown 0.6% after falling 0.4% in November.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
INTERIM DIVIDEND PAYMENT DATE
Acal, British Smaller Companies VCT, Cranswick, London & Associated Properties, MS International
QUARTERLY PAYMENT DATE
Personal Assets Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Existing Home Sales (US) (15:00)
Producer Price Index (GER) (07:00)
GMS
Nighthawk Energy
EGMS
Air China Ltd.
AGMS
Advanced Power Components, LED International Holdings Ltd (DI)
TRADING ANNOUNCEMENTS
Close Brothers Group, Kentz Corporation Ltd., X5 Retail Group NV GDR (Reg S)
UK ECONOMIC ANNOUNCEMENTS
Internet Retail Sales (09:30)
Retail Sales (09:30)
Trends in Lending (09:30)
FINAL DIVIDEND PAYMENT DATE
Carr's Milling Industries, Starvest
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Santander launches online pension that offers up to £1,000 cashback
Santander's self-invested personal pension offers customers cashback of up to £1,000 if they invest before 25 April next year - here is everything you need to know
By Chris Newlands Published
-
Invest for the future with ETFs
The UK lags behind its European peers when it comes to investing for the future. ETFs and savings plans can help close the gap.
By Rupert Hargreaves Published