Evolution provides much-needed boost to Investec's AuM
3rd Feb 2012 07:36
Specialist bank and asset manager Investec saw assets under management (AuM) nudge slightly higher in the nine months to December 31st, helped by its recent acquisition of Evolution. Nevertheless, the firm did admit that the third quarter has been a challenging one due to the volatile markets and l
Read moreInvestec to buy majority stake in Irish firm Neontar
27th Jan 2012 07:27
Investec, the specialist banking group, is to take a majority stake in Neontar, the Irish corporate finance and wealth manager. Investec will pay around €32.35m for the controlling stake, which is being bought from a group of investors including Quinn Financial Services, and plans to extend the off
Read moreLondon close: Financials lead the way higher
15th Dec 2011 16:56
Footsie limped back above the 5,400 level in thin trade, with financial stocks leading the way. OLD MUTUAL SURGES AFTER DISPOSAL South African savings and insurance group Old Mutual was the best performing blue-chip after announcing that it is to sell its Nordic business Skandia AB for £2.1bn in
Read moreLondon open: Stocks flat, trading cautious after summit
9th Dec 2011 08:29
It was a flat start for the Footsie as investors digested the details coming from last night's pivotal summit, in which leaders failed to make sweeping changes to treaties which govern all 27 members of the European Union. EU SUMMIT DISAPPOINTS Britain blocked an agreement that would apply to all
Read moreFriday tips round-up: Kier, Investec, Cobham...
16th Sep 2011 06:47
Kier, the construction, house-building and contracting firm, has, to its credit, managed to come through the slump rather well, drawing strength from the diversity of its operations and sound strategic moves, according to the Investment Column in the Independent. This was reflected in its results ye
Read moreLondon close: Stocks dive on euro worries
9th Sep 2011 16:55
The volatility continued heading into the weekend and stocks were nursing hefty losses at the close of play. The resignation of European Central Bank official Juergen Stark brought the Eurozone crisis into focus. Stark, a German, like many of his compatriots is unhappy about the Bank's policy of b
Read moreBroker snap: Peel Hunt ups target for Evolution after Investec offer
9th Sep 2011 12:11
Following Investec's recommended offer for Evolution, Peel Hunt has raised its target price on the investment banking and stockbroking firm from 86p to 100p to reflect the offer price. Investec, the FTSE 100 South African banking titan, announced on Friday morning that it has made a recommended off
Read moreLondon midday: Stocks fall after flat start
9th Sep 2011 12:06
Stocks have eased slightly as nerves set in ahead of this weekend's meeting of the G7 grouping of industrialised countries. Motor insurer Admiral is in the slow lane after saying it could see "a small proportion" of its profits put at risk under the government's plans to ban the payment of referra
Read moreLondon open: Footsie flat as investors show caution
9th Sep 2011 08:31
The Footsie opened unchanged from yesterday's close, with the markets digesting an underwhelming jobs speech by President Obama last night. Describing the stalling of US economic growth as a "national crisis", Obama unveiled his much-trailed American Jobs Act, which Obama pledged "will cut payroll t
Read moreInvestec to snap up Evolution for £233m
9th Sep 2011 08:00
Investec, the FTSE 100 South African banking titan, has made a recommended offer for Evolution Securities, beating rival bidder Cannacord in their race to snap up the investment banking and stockbroking firm. Investec announced on Friday morning that it has reached an agreement with Evolution's boa
Read moreInvestec goes after Evolution
4th Aug 2011 08:54
South African banking giant, Investec, has confirmed it has made a preliminary all-share approach for stockbrokers Evolution. The firm said the approach was made subject to a number of pre-conditions including obtaining a unanimous recommendation from the Evolution board and the satisfactory compl
Read moreTrading tough in first quarter, says Investec
28th Jul 2011 11:50
Investec's shares dropped lower on Thursday after the specialist bank and asset manager revealed that trading since the end of the last financial year has been tougher than expected. "Against a backdrop of poor economic fundamentals and weak debt and equity markets, operating conditions have been m
Read moreCookson chairman buys after rally
28th Jun 2011 17:49
The chairman of ceramics, electronics and precious metals supplier Cookson Jeffrey Harris has increased his holding in the company by 50%, spending more than £60,000 on shares. He took 10,000 shares at 616.2p a go and now has 30,000. Shares in the company have rallied sharply since his last purchas
Read moreLondon close: More gains for FTSE 100
19th May 2011 16:48
Stocks finished with good gains again, though slightly off earlier highs, on a busy company news day. Shares in Investec rose sharply after the asset manager posted a rise in profits in the year to 31 March. The company, which operates in South Africa, the UK, Australia and other markets, said oper
Read moreFTSE 100 movers: Investec leads the rise
19th May 2011 15:19
Shares in Investec rose sharply after the asset manager posted a rise in profits in the year to 31 March. The company, which operates in South Africa, the UK, Australia and other markets, said operating profit before tax £434.4m from £432.3m the previous year. Meanwhile Invensys, the engineering an
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