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Home News UK

Close Brothers ramps up cost cutting after posting another loss

All Access London Team by All Access London Team
September 29, 2026
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Close Brothers ramps up cost cutting after posting another loss
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The group reported pre-tax operating losses of £60.3 million for the year to July 31 as it was knocked by another £164.7 million in provisions for the car finance redress scheme, taking its total to about £320 million, while restructuring costs, including redundancies, also kept it in the red.



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Tags: BrotherscloseClose BrotherscostcuttingFinancial Conduct AuthoritylosspostingrampssharesShore Capital
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