Close Brothers posts strong Q3 results driven by growth in AUM

FTSE 250-listed specialist financial services group Close Brothers Group has unveiled strong results for the third quarter relating to the period from February 1st to April 30th, underpinned by growth in the loan book and assets under management.

FTSE 250-listed specialist financial services group Close Brothers Group has unveiled strong results for the third quarter relating to the period from February 1st to April 30th, underpinned by growth in the loan book and assets under management.

The loan book increased 2.0% to £4.5bn, driven by growth in motor finance and the Commercial businesses. Close Brothers reported that growth remained "solid but slightly lower than last year" due to a moderation in demand in some of its markets.

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