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FTSE indexes post weekly losses on mixed earnings, budget angst

UPDATE 1-FTSE indexes post weekly losses on mixed earnings, budget angst Close Brothers, Lloyds slide on motor finance ruling NatWest climbs on raising FY forecast Abrdn down for second day after deep Q3 outflows FTSE 100 down 0.3%, FTSE 250 up 0.1% Updated at 1604 GMT By Ankika Biswas Oct 25 (Reuters) - London's blue-chip stock index slipped on Friday as investors assessed a mixed bag of corporate earnings ahead of a highly awaited first budget from the country's new government next week.
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Close Brothers top loser on midcaps after UK motor finance ruling; Lloyds falls 4%

BUZZ-Close Brothers top loser on midcaps after UK motor finance ruling; Lloyds falls 4% Updates ** Shares of British lender Close Brothers CBRO.L fall 18.3% to 299.4 pence, their lowest since Feb. 16 ** Stock top loser on FTSE mid cap index .FTMC , which is up 0.21% ** British Court of Appeal rules motor finance brokers must fully inform customers
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Close Brothers top loser on midcaps after UK motor finance ruling

BUZZ-Close Brothers top loser on midcaps after UK motor finance ruling ** Shares of British lender Close Brothers CBRO.L fall 14.1% to 314.6 pence, their lowest since Feb. 21 ** Stock top loser on FTSE mid cap index .FTMC , which is down 0.07% ** British Court of Appeal upholds appeal against CBRO, ruling that motor dealers acting as credit brokers
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Close Brothers and Lloyds shares slide after UK motor finance ruling

UPDATE 4-Close Brothers and Lloyds shares slide after UK motor finance ruling Close Brothers loses court ruling on car loan commissions Shares slide more than 20%, Lloyds loses 6% UK regulator considering consumer redress scheme Adds FirstRand statement in paragraph 7, updates shares in paragraph 5 LONDON, Oct 25 (Reuters) - Shares in Close Brothers Group CBRO.L slumped on Friday after a London court ruled that motor finance brokers must fully inform customers about commissions when taking out c
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Close Brothers fall 15% after UK motor finance ruling; Lloyds down

RPT-Close Brothers fall 15% after UK motor finance ruling; Lloyds down Repeats for additional subscribers, no change to text LONDON, Oct 25 (Reuters) - Close Brothers shares fell 15% on Friday after the British Court of Appeal upheld an appeal against the financial firm, ruling that motor dealers acting as credit brokers have a fiduciary duty to their customers.
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UK's Close Brothers to pause writing of new UK motor finance business

UK's Close Brothers to pause writing of new UK motor finance business Oct 25 (Reuters) - Close Brothers Group CBRO.L said on Friday it would pause the writing of new UK motor finance business until the British lender reviews and make changes towards compliance adherence. The decision comes after a Court of Appeal ruling against a unit of Close Brothers set a higher bar for commission disclosure by motor dealers, which the London-listed company said could lead to significant liabilities for the g
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Close Brothers fall 15% after UK motor finance ruling; Lloyds down

Close Brothers fall 15% after UK motor finance ruling; Lloyds down LONDON, Oct 25 (Reuters) - Close Brothers shares fell 15% on Friday after the British Court of Appeal upheld an appeal against the financial firm, ruling that motor dealers acting as credit brokers have a fiduciary duty to their customers. Close Brothers said in a statement it intends to appeal this decision to the UK Supreme Court.
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Close Brothers To Appeal Hopcraft Case Decision To UK Supreme Court

BRIEF-Close Brothers To Appeal Hopcraft Case Decision To UK Supreme Court Oct 25 (Reuters) - Close Brothers Group PLC CBRO.L : JUDGMENT IN RESPECT OF HOPCRAFT CASE TO APPEAL 'HOPCRAFT' CASE DECISION TO UK SUPREME COURT TO PAUSE NEW UK MOTOR FINANCE BUSINESS "DISAGREES WITH COURT'S EXTENSION OF EXISTING CASE LAW IN THIS AREA" HAS CET1 CAPITAL RATIO
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Adidas, Harbour Energy, LSE

EUROPE RESEARCH ROUNDUP-Adidas, Harbour Energy, LSE Sept 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Harbour Energy and LSE, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baird raises target price to EUR 260 from EUR 255 * Diploma Plc DPLM.L : Peel Hunt raises PT to 5,100p from 3,600p * Harbour Energy Plc HBR.L : Jefferies cuts target price to 360p from 400p * LSE LSEG.L : JP Morgan raises target price to 11,600p from
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Holcim, Axel Springer, Shell and Intel Sept 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 19 30 GMT on Thursday: * * Holcim's HOLN.S $30 billion New York spinoff of its North American business has come under fire from an environmental group that said the major cement maker was doing too little to tackle climate change.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday: ** Renewable developer Sonnedix is increasing its solar power capacity in Italy with a series of acquisitions, its CEO told Reuters, adding the company was also looking at opportunities to develop battery storage projects in the country.
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UK's Close Bros rises on sale of wealth management unit

BUZZ-UK's Close Bros rises on sale of wealth management unit ** British lender Close Brothers CBRO.L rises 4.4% to 550.5p ** Co signs 200 mln-pound ($265 mln) deal to sell wealth management unit to Oaktree Capital Management ** Says deal to boost co's CET1 ratio by ~100 basis points ** Adds it will retain ~172 mln pounds of all upfront cash proceed
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UK Stocks-Factors to watch on Sept 19

UPDATE 1-UK Stocks-Factors to watch on Sept 19 Adds new items, updates futures Sept 19 - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .8%. * NEXT: British clothing retailer Next NXT.L said it was on track to make annual profit of almost 1 billion pounds ($1.3 billion) as it raised its outlook for the second time in two months after better-than-expected recent trading.
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UK's Close Bros sells wealth business to Oaktree in $265 mln deal

UPDATE 2-UK's Close Bros sells wealth business to Oaktree in $265 mln deal Deal includes contingent, deferred sum of 28 mln stg Close focusing on its core lending business Close shares up 3.4% Adds details on results, shares LONDON, Sept 19 (Reuters) - Close Brothers Group CBRO.L has agreed to sell its wealth management unit, Close Brothers Asset Management (CBAM), to private equity firm Oaktree Capital Management for up to 200 million pounds ($265 million).
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STOXX eyes jubilant start after Fed's bumper cut

LIVE MARKETS-STOXX eyes jubilant start after Fed's bumper cut Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX EYES JUBILANT START AFTER FED'S BUMPER CUT European stocks are heading for a jubilant start to Thursday, rising 1% as markets digest Wednesday's larger-than-usual 50 bps rate cut from the U.S.
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Close Brothers Plans For Low Single-Digit Percentage Growth In Loan Book For 2025

BRIEF-Close Brothers Plans For Low Single-Digit Percentage Growth In Loan Book For 2025 Sept 19 (Reuters) - Close Brothers Group PLC CBRO.L : PRELIMINARY RESULTS FOR THE YEAR ENDED 31 JULY 24 NO DIVIDEND WILL BE PAID IN RESPECT OF 2024 FINANCIAL YEAR FY ADJUSTED OPERATING PROFIT INCREASED 50% TO £170.6 MILLION PLAN FOR LOW SINGLE-DIGIT PERCENTAGE
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Close Brothers To Sell Asset Management Unit To Oaktree For Up To £200 Mln

BRIEF-Close Brothers To Sell Asset Management Unit To Oaktree For Up To £200 Mln Sept 19 (Reuters) - Close Brothers Group PLC CBRO.L : CLOSE BROS GRP PLC - CLOSE BROTHERS AGREES SALE OF CBAM CLOSE BROTHERS GROUP PLC - TO SELL ASSET MANAGEMENT UNIT TO OAKTREE FOR UP TO £200 MILLION CLOSE BROTHERS GROUP PLC - DEAL INCLUDES £28 MILLION CONTINGENT D
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UK's Close Brothers to sell wealth management business for over $260 million

REFILE-UK's Close Brothers to sell wealth management business for over $260 million Corrects spelling of logging in paragraph 2 Sept 19 (Reuters) - British lender Close Brothers Group CBRO.L on Thursday said it has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to private equity firm Oaktree Capital Management in a deal worth up to 200 million pounds ($264.52 million).
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