Car finance firm Close Brothers slumps to loss after taking £165m hit
Company’s shares plunge as it estimates total costs of £200m this year from motor finance scandalBusiness live – latest updatesClose Brothers, one of the UK’s biggest providers of car loans, has slumped to a £103m loss as it deals with the fallout of the motor finance commission scandal, which it estimates will cost it a total of £200m this year.The lender also scrapped its dividend again. Its shares plunged by 17% on the news. Continue reading...
Company’s shares plunge as it estimates total costs of £200m this year from motor finance scandal
Close Brothers, one of the UK’s biggest providers of car loans, has slumped to a £103m loss as it deals with the fallout of the motor finance commission scandal, which it estimates will cost it a total of £200m this year.
The lender also scrapped its dividend again. Its shares plunged by 17% on the news. Continue reading...
