Company
Investec PLC
LON:INVP
Investec PLC is an international, specialist banking group that provides a range of financial products and services to a select client base. The Company is organized as a network comprising five business divisions: Private Client Activities, Capital Markets, Investment Banking, Asset Management and Property Activities. Its head office provides certain group-wide integrating functions and is also responsible for its central funding and the Trade Finance business.
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Investec offers 5.8% on new two-year savings account
Investec's offer comes as Moneyfacts noted a downturn in savings rates across the market
Energy prices to rise once again in mid-winter - Investec
Investec anticipated Ofgem's price cap to climb from £1,923 to £2,083 in January
Investec cuts forecast for 2023 energy prices as weather stays warm
Ofgem's energy price cap could fall below the governments price guarantee by July, suggested Investec, slashing public energy support bills
Investec earnings per share pip guidance as rising rates set to boost 2023
Investec guided for a “positive revenue outlook” for 2023 as a result of higher interest rates and a bigger lending book
Investec lifts forecast for the year
The financial services company raised its adjusted earnings per share guidance to 51p-55p for the period to end-March 2022 from 48p-53p previously
Investments and investor services
Investec to hand out 15% of fund manager Ninety One
The South Africa- and UK-listed bank will retain a 10% stake
Investec says UK profits to jump 125% as full year EPS guidance raised
Looking ahead to the full year, Investec forecast adjusted EPS above the upper end of its previous guidance for 36p-41p, based on current business momentum
Investec sinks as bank flags hefty profit drop in trading update
Investec said that following the lifting of the restrictions on dividends by the Bank of England it will consider a final payment with the results
Investec halves dividend after mixed first half
Adjusted basic earnings per share fell 50% but was ahead of the company’s latest guidance
Investec confirms UK job cuts as interim profits expected to plunge
Declines were blamed on the coronavirus (COVID-19) hitting client activity, lower interest rates and an average 22% depreciation of the rand versus sterling
Archive
FTSE 100 closes in red as Wall Street stocks slide after US app ban
The UK's index of top shares closed down around 42 points at 6,007. Over the week as a whole, it shed around 0.41%
UK retail sales completes trio of key domestic data this week after dovish central bankers keep everything on hold
On the corporate front, a trading update is due from revamped investment bank Investec and interims are expected from petrol stations operator Applegreen
Investec warns on profits over “challenging” market conditions
The firm recently completed the demerger of its asset manager which it said reduces risk
Ninety One expects IPO market cap of up to £2.2bn
Investec will raise between £182mln and £226mln from the offer, with Ninety One not receiving any proceeds
Investec’s demerging asset manager Ninety One confirms dual listing
The asset manager will float in London and Johannesburg and set out the timeline of the offering
Investec targets mid-March for demerger of its asset management arm
The split is scheduled to happen on Friday the 13th. At least it is two days before the Ides of March.
Investec in line as asset management spin-off still on track
In spite of a challenging operating environment, these results speak to strong support from our clients - the company said
Interserve to enter administration after shareholders reject rescue plan
Failure to gain support for the restructuring plan means Interserve is likely to apply for a pre-pack insolvency administration
Investec says asset management arm demerger on track, expects full year profit to rise
“The group's performance has been supported by growth in assets under management and substantial net inflows, good loan book growth, and significantly improved performance from the UK Specialist Banking business,” Investec said
Investec posts jump in first-half profit driven by strength in banking unit as it gears up for asset management separation
The FTSE 250-listed firm said its banking unit reported an 18% increase in operating profit to £245.4mln, while its asset management arm saw its operating profit rise by 10% to £91.5mln
Investec rejigs board ahead of asset management spin out
The FTSE 250 financial services firm said its CEO and MD would be stepping down to eventually become non-executive directors, with two joint CEOs incoming
Finance houses no longer appear to love asset managers; why should you?
Suddenly, it's all the rage for insurance companies to offload their asset management businesses. Does this signify the top of the market?
Arrow Global gains as it completes deal to buy Europa Investimenti
A look at some of the top risers and fallers in London on Friday
Investec to spin out asset management arm after strategic review
Investec investors are set to receive shares in the asset manager
Superdry appoints Ed Barker as chief financial officer designate
The FTSE 250-listed firm said Nick Wharton will remain a director of the company and Superdry’s chief financial officer until July 16
FTSE 100 heats up ahead of chilly weekend
The top-share index rallied in the afternoon session to close at 7,164, up 24 points on the day
Archive
JD Wetherspoon set to unveil solid interims
Wetherspoon founder will deliver his usual lengthy rant about Brexit; somewhere in the statement will be some decent numbers relating to the pubs group's performance
Highland Gold Mining boosted by updated mineral resource estimate for flagship Kekura project
A look at some of the biggest risers and fallers in the London market on Tuesday
FTSE 100 closes 2.64% lower as stock chaos continues
FTSE 100 closed 2.64% lower, or 193 points, at 7,141 amid chaotic US trading
RBS has reportedly agreed the sale of Lombard Finance's offshore leasing business for £150mln
The bank - which is still 72% owned by the UK taxpayer – is to offload the operations of its Lombard Finance subsidiary based in the Channel Islands, Isle of Man and Gibraltar, Sky News said
Investec could lose up to 3.0% of post-tax operating profit due to exposures to Steinhoff share price collapse
Steinhoff, which is listed in both Johannesburg and Frankfurt, said last Wednesday that its chief executive Markus Jooste had resigned, sending its shares plunging
FTSE 100 closes higher as pound firms; Shire top riser
The latest ONS data showed that retail sales grew 0.3% in October - ahead of the 0.1% economists had expected - which has boosted the blue chip retailers
Investments and investor services
Royal Mail Group continues to contend with tough compeition
Royal Mail reports on Thursday and investors will be waiting to see how the mail group is coping with the competition.
Archive
Don’t expect fireworks from Taylor Wimpey’s quarterly numbers
House builders and telcos will provide some of the weeks highlights.
FTSE 100 wilts as sterling's rally continues
The FTSE 100 fell 80 points to 7,215 on a good day for the sterling
Archive
JD Wetherspoon results should give founder Tim Martin plenty to talk about
Whether Martin will actually talk about the numbers rather than his usual hobby horses of taxes and Europe is anyone's guess
Archive
Carney & Co in the crosshairs, plus key UK data and updates from Next, Morrisons and Wetherspoon
Week ahead includes latest Bank of England policy meeting, UK data on inflation, unemployment, wages and retail sales, plus corporate updates from Next, Associated British Foods, Wm Morrison Supermarkets, and JD Wetherspoon
Archive
Pension scheme front and centre for Royal Mail Group PLC
Week ahead: Royal Mail, Burberry, SSE, Mitchells and Butlers, easyJet ...
Archive
Antofagasta closing in on a feasibility study of expansion of Los Pelambres
Big names reporting include Antofagasta, Hikma and Robert Walters.
Investec has 25% upside despite problems suggests HSBC
HSBC has raised its target to 710p from 580p, even though it reckons returns in its banking businesses are not acceptable.
Will Royal Mail deliver?
In July, the group said it was monitoring the Brexit situation as movements in gross domestic product were drivers for volumes of letter and business parcels
Week Ahead: Royal Mail needs to deliver pre-Christmas surprise
Elsewhere, Crest Nicholson, Barratt Developments, easyJet, Vodafone, TalkTalk and others will all report to the market in one form or another
Archive
Brokers: Liberum shares its post-Brexit and Bremain tips
Liberum offers its stock tips should the UK decide to leave the EU or should it decide to stay
Archive
City analysts upbeat on (some) financial stocks
Standard Chartered, Investec, Provident Financial, Henderson, Berendsen, and UDG Healthcare are all in Friday’s broker spotlight.
Archive
FTSE 100 makes headway despite miners millstone
It was a bad day for mining companies as mineral prices crumbled, but a good one for UK oil & gas players
FTSE100 climbs; Paddy Power-Betfair gets the green light
Leading the way on the index was Standard Chartered
Investments and investor services
FTSE100 drops as miners weigh...again
The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.
FTSE100 flat; CityFibre to take on BT Openreach
The FTSE100 was three points lower at lunch at 5,949.
South Africans lead FTSE 100 rebound
After heavy losses Friday, FTSE 100 added 48 to 6,001
Investments and investor services
Risers & Fallers: Karelian, IOG and Orogen Gold
Main share price risers and fallers in London at 4pm
Investments and investor services
FTSE 100 pares losses in afternoon session
A half-hearted rally failed to wipe out the morning's losses.
South African rand slumps after finance minister is dismissed
The move has put dents in the share prices of Old Mutual, Investec and, to a lesser extent, Acacia Mining.
Market movers: PeerTV, IOG, Polemos and more...
Below are some of the main news-driven share price changes at 4pm.
Risers & Fallers: Atlas Dev, Beximco, China Nonferrous, New World Oil, Tethys, Walker Crips
Few saw this coming: a profit warning from a house builder.
Thursday's agenda - Mothercare among those reporting
A plethora of interims awaits investors tomorrow, including from South Africa based investment bank Investec and baby retail specialist Mothercare (LON:MTC).
Thursday's agenda - Fed rate decision only story in town?
A clutch of corporate announcements will greet investors on Thursday, but of course there is really only one story in town...
Investments and investor services
Week Ahead: Merlin Entertainments, Kingfisher and the Fed to make headlines
The effects of the serious accident at Alton Towers in June could linger at Merlin for some time.
Investments and investor services
Thursday's agenda: Super Thursday as BoE embraces change
The Bank of England has fallen into line with many other central banks by holding a press conference following the announcement of its interest rate decision.
Investments and investor services
Week Ahead: HSBC - one last time before exiting stage right?
HSBC and Standard Chartered are often bracketed together because of their focus on Asian markets, and they continue their double-act this week.