FTSE 250 movers: Investec given boost by Morgan Stanley upgrade
29th Jan 2013 16:04
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight. Bookmaker William Hill was also a high riser after saying its good performance continued into its final quarter after strong trading in retail and online. Net revenue grew by 12% in the 53 weeks to January 1st wh
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreFormer Guinness Peat Chairman trims his stake...again
19th Dec 2012 16:30
Sir Ron Brierley, a non-executive director of Guinness Peat Group (GPG), sold five million shares in the investment holding company for a second week running. Brierley, a well-known New Zealand investor, offloaded the shares on Wednesday at a price of A$0.47 each (30.31p), pocketing a total of A$2.
Read moreSABMiller CFO takes advantage of recent gains
23rd Nov 2012 16:30
James Wilson, the Chief Financial Officer (CFO) of drinks giant SABMiller benefitted from the recent surge in the group's share price following the group's first-half results yesterday. The company said today that Wilson had on Thursday exercised options to buy 13,000 shares at an option price of 1
Read moreInvestec delivers rise in half year profits
15th Nov 2012 12:16
Shares in Anglo-South African banking group, Investec, got a boost on Thursday after the company announced that pre-tax profits climbed 2.6 per cent. Pre-tax operating profit rose from £223.4m to £229.4m year-on-year (y/y) in the six months ended September 30th. However, adjusted earnings per shar
Read moreInvestec struggles in challenging market conditions
17th May 2012 12:18
Anglo-South African banking group, Investec, saw a disappointing performance from its wealth and specialist banking divisions last year. Profits before tax in the 12 months to the end of March came in at £358.6m, a drop of 17.4% over the previous financial year. The consensus (median) forecasts amo
Read moreLondon close: Footsie spins its wheels
15th Mar 2012 16:51
- Investment management firms disappoint - Hard times on the High Street - Phlegmatic response to Fitch's threat to cut UK's AAA rating After a brief sojourn in positive territory during the morning session, the top share index returned to the region where it spent most of the day, bumping along ju
Read moreAussie ops and investment banking woes hit Investec
15th Mar 2012 10:54
Specialist banking and asset manager Investec says full year results will show a drop in operating income as volatile markets dented performance in the second half of the year. In a briefing covering the full year to the end of March the firm says there has been a "substantial" decline in income fr
Read moreSt Modwen's Oliver says 'More, please'
8th Feb 2012 15:18
With its full year results out of the way on Tuesday, directors at property regeneration specialist St Modwen wasted little time in diving into the market to buy shares in the fast rising stock. Construction Director Steve Burke built up his stake with the purchase of 35,904 shares at a cost of £54
Read moreLondon close: Footsie breaks 5,900 as US jobs data excites
3rd Feb 2012 16:58
The much-anticipated January employment report from the US Labor Department didn't disappoint, with a better-than-expected increase in non-farm payrolls sending the FTSE 100 vertical in afternoon trading to break through the 5,900 level. The world's largest economy created 243,000 new jobs last mon
Read moreFTSE 250 movers: Bumi lands on its derriere
3rd Feb 2012 13:48
Bumi, the Indonesian coal miner, hit a bum note with shareholders who have demanded a meeting to request a meeting to persuade their fellow shareholders to boot out co-Chairman Nathaniel Rothschild along with a number of other members of the board. Specialist bank and asset manager Investec fell a
Read moreLondon midday: Admiral leads the rise ahead of US data
3rd Feb 2012 12:03
Stocks were up at the day's best levels by lunchtime following a subdued start, with insurance outfit Admiral leading the charge. Miners on the other hand, are providing a drag, pulling back from their strong showing yesterday on the back of heightened M&A speculation in the sector. Markets were gi
Read moreEvolution 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
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