UK's Close Brothers surges after Winterflood sale to Marex

Marex

25/07/2025 09:24

** Shares of Close Brothers CBRO.L rise as much as 12% to 461p

** Stock at highest since September 2024, top gainer on the FTSE mid cap index .FTMC, which is down 1.86%

** Co announces sale of execution services and securities business, Winterflood, to Marex 8UU.F for 103.9 million pounds ($139.91 million)

** Stock has nearly doubled in value so far this year

($1 = 0.7426 pounds)

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))