LONDON (ShareCast) - Specialist financial services company Close Brothers reported a positive result in the third quarter, which it said had been consistent with its first half performance.

The group said the Banking loan book was at £5.1bn, up 10% in the year-to-date, while the performance by the Winterflood segment had been in line with the preceding six months.

Asset Management continued to gain momentum as assets under management increased 4% in the quarter to £9.6bn.

A statement from the group said: "Performance has been positive in the quarter and we are well placed for the remainder of the year.

"We remain focused on the quality of our lending and expect to continue to deliver good growth at attractive margins in the Banking division. Winterflood is well positioned to benefit from a stronger cyclical recovery but remains sensitive to market conditions.

"In Asset Management we continue to progress towards our profitability target as the business builds scale. Overall, our outlook is unchanged and we remain confident in delivering a strong result for the 2014 financial year."

The share price rose 0.57% to 1,335.58p by 11:23 on Friday.

NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE