Close Brothers fiscal 2019 profit falls; CEO Prebensen to step down [Reuters (UK)]
CLOSE BROS GRP UNSP/ADR (CBGPY)
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Source: Reuters
Close Brothers fiscal 2019 profit falls; CEO Prebensen to step down - Reuters 1 Min Read Sept 24 (Reuters) - Merchant bank Close Brothers Group Plc on Tuesday posted lower annual profit and said Chief Executive Officer Preben Prebensen will leave the company, as it faces a downturn in its market-maker business Winterflood. The mid-cap firm said adjusted operating profit fell to 270.5 million pounds ($336.39 million) in the 12 months ended July 31, versus 278.6 million pounds a year earlier. Prebensen has decided to leave after 10 years in the role and will remain with Close Brothers for the next 12 months, the company said in a separate statement after the results. $1 = 0.8041 poundsReporting by Muvija M in Bengaluru; Editing by Rashmi Aich All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved.
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