Close Brothers raises cost-cutting target as restructuring progresses
Summarised from 3 outlets · 5 reports · Updated 29 Sept, 15:50 · Archive
Close Brothers achieved £36m in cost savings and is targeting more than £60m in the year ahead.
Close Brothers has increased its cost-cutting ambitions as it progresses with a restructuring programme involving around 20 per cent headcount reductions. The FTSE 250 bank delivered £36m in savings in the year to July 31 and is targeting more than £60m for the coming year.
How it is being reported
- Close Brothers ramps up cost cutting after posting another lossThe banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.Independent Business · 29 Sept, 12:31
- Close Brothers ramps up cost cutting after posting another lossThe banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.Evening Standard · 29 Sept, 12:31
- Close Brothers ramps up cost cutting after posting another lossThe banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.Evening Standard · 29 Sept, 08:23
- Close Brothers ramps up cost cutting after posting another lossThe banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.Independent Business · 29 Sept, 08:23
- Close Brothers raises cost-cutting target as job cuts beginClose Brothers has dialled up its cost-cutting plans and said it was “well into next stage of restructuring” after revealing it would slash its headcount by around 20 per cent earlier this year. The FTSE 250 bank said on Tuesday it had delivered £36m of savings in its latest financial year, coming ahead of the [...]City AM · 29 Sept, 07:34
In this story: Close Brothers · FTSE 250
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