Investec: UK Operations Performed Well
30th Jul 2010 07:14
LONDON (Dow Jones)--Investec PLC (INVP.LN) said Friday the U.K. business performed well with particularly strong results recorded by the Asset Management and Capital Markets divisions. MAIN FACTS: -The South African and Australian operations were affected by weak equity markets and low level
Read moreFTSE 100 movers: Miners can't prevent fall
28th Jul 2010 14:49
Higher metals prices are pushing miners higher but the Footsie is dominated by fallers. Xstrata and BHP Billiton are both higher. Xstrata reports figures next week. Rexam restored its interim dividend but this was not enough to prevent a fall in the share price. The consumer packaging supplier r
Read moreInvestec's Kensington Hopes For Mortgage Bond Sale In 2010
15th Jul 2010 17:54
LONDON (Dow Jones)--Kensington, the U.K. mortgage lending unit of Anglo-African bank Investec PLC (INVP.LN), is aiming to sell bonds backed by U.K. prime and non-conforming mortgages later this year, an official at Investec told Dow Jones Newswires Thursday. "It's very early days. We're in the p
Read moreAnite FD raises stake
13th Jul 2010 16:49
Anite finance director Richard Amos has pushed his stake in the wireless equipment tester higher. Amos, who was appointed FD in November 2009, bought 85,000 shares at 36.5p each. He now holds 313,000 shares in the firm. Top Director Buys Anite Group (AIE) Director name: Mr Richard Amos Amount pu
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreLondon open: Blue chips head lower
7th Jul 2010 08:45
London's blue chips have retreated after the surge yesterday with a cautious update from Marks & Spencer dampening the mood. The High Street bellwether reported a 3.6% rise in UK like-for-like sales in the first quarter but is cautious about the outlook for consumer confidence and spending. Like fo
Read moreLondon pre-open: Shares to retreat
7th Jul 2010 07:39
London's blue chips look set to drop once again as investors mull a mixed bag of company results. City experts expects Footsie to give up 45 points after finishing just three points shy of its high point yesterday. High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for l
Read moreInvestec Gets Approaches To Buy Rensburg Fund Management
7th Jul 2010 07:34
LONDON (Dow Jones)--Investec PLC (INVP.LN), an international specialist bank and asset manager, said Wednesday it has received a number of expressions of interest from potential acquirers for Rensburg Fund Management Ltd., or RFM, Rensburg Sheppard PLC's fund management subsidiary. MAIN FACTS:
Read moreInvestec ponders offers for Rensburg FM arm
7th Jul 2010 07:04
International specialist bank and asset manager Investec said it has received a number of approaches from parties interested in acquiring its Rensburg Fund Management (RFM) subsidiary. The business was acquired as part of the takeover of Rensburg Sheppards in June. Investec has appointed Fenchurch
Read moreINTERVIEW:Investec To Oppose F&C,UK Commercial Property Merger
2nd Jul 2010 06:30
(This article was originally published Thursday.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A shareholder in both F&C Commercial Property Trust Ltd. (FCPT.LN) and UK Commercial Property Trust Ltd. (UKCM.LN) Thursday said he plans to oppose a merger of the two. Max
Read moreFirst investment by JJB boss
1st Jul 2010 16:34
JJB Sports chief executive Keith Jones has bought his first shares in the sportswear retailer following the conclusion of its company voluntary arrangement (CVA). JJB said all claims have been dealt with and the supervisors of the CVA have served notices terminating the arrangements with effect fr
Read moreINTERVIEW:Investec To Oppose F&C,UK Commercial Property Merger
1st Jul 2010 16:05
By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A shareholder in both F&C Commercial Property Trust Ltd. (FCPT.LN) and UK Commercial Property Trust Ltd. (UKCM.LN) Thursday said he plans to oppose a merger of the two. Max King, a portfolio manager in the global asset allocat
Read moreFTSE 100 movers: Investment managers decline
1st Jul 2010 13:57
Footsie remains lower with financials heading the losers. This is because of concerns of a slow-down at Barclays Capital (BarCap) investment management arm. Barclays said BarCap had seen weaker trading conditions in the past two months. Schroders and Investec are also well down on the back of this
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