Investec drives up interim profit
18th Nov 2010 07:29
South African investment bank Investec ramped up profit during the first half thanks mainly to big gains at its asset management and capital markets. Operating profit for the six months to 30 September before various other items rose 5.6% to £228.2m, but was up over 34% if you take out last year's
Read moreThursday preview: SABMiller, Investec, Halfords
17th Nov 2010 16:41
South Africa-focused investment bank Investec has put in a bit of mixed performance of late, according to broker Charles Stanley. "On the one hand Investec has benefited from a solid recurring income base as well as a strong performance from the Asset Management and Private Wealth businesses. Howe
Read moreMonday newspaper round-up: Barclays, Tesco, Investec...
20th Sep 2010 06:41
Barclays is working on contingency plans to make radical changes in an attempt to head off more draconian government measures. The high street bank is looking at ways to ring-fence its deposits and is considering whether to put its investment banking arm Barclays Capital into a separate legal entit
Read moreLondon close: Another sluggish day for FTSE 100
16th Sep 2010 16:40
There was no shortage of company news for traders to ponder today, but Footsie has continued trading in a tight range following recent gains and finished a few points in the red. The US failed to boost sentiment; shares on Wall Street are lower after economic data failed to lift sentiment. Manufact
Read moreLondon afternoon: Footsie drifts lower
16th Sep 2010 14:13
Footsie fell a bit deeper into the red over the lunch time session as a half-hearted rally following disappointing retail sales figures fizzled out. Kingfisher is a high-flyer after interim profits from the DIY retailer were at the top end of the range of expectations as the group achieved strong g
Read moreFTSE 100 movers: Investec remains cautious
16th Sep 2010 13:36
Fallers dominate the Footsie today. Investment bank and fund manager Investec expects half year operating profit to be marginally higher than the year before as growth in its fund management business outweighed weaker demand for loans. Loan write-downs remain relatively high. Investec says that th
Read moreInvestec sees marginal H1 growth
16th Sep 2010 07:00
South Africa-focused investment bank and asset manager Investec expects half year operating profit to be marginally higher than the year before as growth in its fund business outweighed weaker demand for loans. Since 31 March 2010 core loans and advances have remained flat at £17.8bn, customer depo
Read moreFTSE 100 movers: Standard strong ahead of interims
3rd Aug 2010 15:44
Financials are generally strong but Footsie is still lower on the day. Standard Chartered is strong ahead of tomorrow's interim results. Man Group, Standard Life and Prudential are also higher. Banking group Investec is heading in the other direction after it raised £104.5m through a placing at 4
Read moreLondon afternoon: Fire sale at BP continues
3rd Aug 2010 14:14
After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas
Read moreLondon midday: Rally stalls
3rd Aug 2010 12:09
A mid-morning rally petered out just before noon leaving the FTSE 100 index still in negative territory, though not by much. Specialist banking group Investec is the heaviest faller in the FTSE 100. It has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share
Read moreLondon close: Footsie fights back
3rd Aug 2010 09:28
Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to
Read moreLondon open: Profit taking clips Footsie
3rd Aug 2010 08:49
London's top stocks have run into some profit taking after yesterday's big gains both here and on Wall Street. Banks are mixed after confusing figures from state-owned Northern Rock. Now split into its "good half" and "bad half", the "bad half" bounced back into profit while the supposedly "good"
Read moreInvestec raises £104.5m
3rd Aug 2010 07:31
Specialist banking group Investec has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share capital of Investec, which is engaged in investment and private banking, property investment, asset management and capital markets, by 4.27%. The money raised will all
Read moreUPDATE: Investec Looks To Private Wealth For Growth This Year
30th Jul 2010 08:50
(Adds analyst comment.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Investec PLC (INVP.LN) Friday said net profit rose 2% in the three months to June 30, a "satisfactory performance," as an 11% rise in operating income was offset by bad loans and a higher tax rate.
Read moreMARKET TALK: Investec Shows Resilience, Growth Prospects-Numis
30th Jul 2010 08:38
0738 GMT [Dow Jones] Investec (INVP.LN) should be attractive to both growth and value investors, says Numis Securities, after what Investec called a "satisfactory" first fiscal quarter. Numis keeps a buy rating and 606p price target, saying the group's earnings have been "substantially more resilien
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