Close Brothers slips as softer loan growth offsets capital boost

  • Shares in Close Brothers Group PLC (LSE:CBG) fell 4% on Wednesday after the specialist lender reported a dip in loan growth for the third quarter, prompting concern that its cautious outlook on lending could weigh on performance into the year-end. The group's loan book shrank by 0.9% in the three months to April and is now down 3.5% for the financial year to date.