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
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’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.