Rathbones chief Paul Stockton retires Investing Rathbones group chief executive Paul Stockton is set to retire from his role after six years in the job. Stockton, who has worked at the asset manager for the last 16 years, will step down from the firm at the end of September, the company’s said today. He will be succeeded by Jonathan Sorrell who [...]
Investec expects profit bounce in full-year results Banking Investec has said it expects adjusted operating profit to be ahead of last year’s figures, coming in as high as £956m. In a trading statement, the FTSE 250 bank and wealth manager said adjusted operating profit for the year was forecast to come in between £888m and £956m, compared to last year’s figure of £884.5m. [...]
Investec Champions Cup Barometer: Itoje for British and Irish Lions captain? Sport In the lead up to the 2024-25 Investec Champions Cup round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Player of the week: Maro Itoje, Saracens For a long time no other name but [...]
Rathbones beats profit expectations as merger progresses February 26, 2025 Rathbones’ operating income increased to £895.9m in 2024, beating analyst expectations as the firm progressed with its merger of Investec Wealth and Investment (IW&I). The wealth manager revealed profit before tax almost doubled last year, from £57.6m to £99.6m in its full-year results. The firm’s underlying profit before tax increased from £127.1m to £227.6m, above the [...]
Investec Champions Cup Barometer: Bordeaux battle to victory February 24, 2025 In the lead up to the 2024-25 Investec Champions Cup round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Team of the week: Bordeaux France may have been unstoppable against Italy in the Six [...]
Investec Champions Cup Barometer: Galacticos Toulon back on form February 17, 2025 In the lead up to the 2024-25 Investec Champions Cup round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Team of the week: RC Toulon One of Europe’s biggest dynasties belonged to RC Toulon [...]
City of London great and good raise record £160k for School of Hard Knocks February 14, 2025 The City of London’s best, brightest, great and good descended on Threadneedle Street’s M Restaurant as a record £161,000 was raised at the annual School of Hard Knocks Long Lunch. Leading City stalwarts including Champions Cup sponsors Investec were joined by the likes of Firethorn Trust, Clarksons, Falko, England international Andy Gomarsall, LBC’s Nick Ferrari [...]
London prime property prices dip as Budget raid deters wealthy buyers February 4, 2025 Prices for London prime properties remain far below their 2014 peak, with double-digit discounts on asking prices to be found in some areas of the capital. The average reduction in the original asking price for houses over £1m in Greater London was £200,100, according to Investec, but some areas saw a 11.3 per cent discount. [...]
Investec Champions Cup Barometer: Munster marching on January 27, 2025 In the lead up to the 2024-25 Investec Champions Cup round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Team of the week: Munster, Ireland They may have been facing bottom-of-the-league Dragons in the [...]
Digital 9 Infrastructure: Investec slams ‘shocking’ asset sale January 23, 2025 Investec analysts have slammed the sale of Digital 9 Infrastructure’s assets as part of the investment trust’s wind-down, describing the process as “extremely poor for shareholders”. Digital 9, once a darling of the infrastructure sector, fell into chaos after governance concerns and funding problems emerged throughout 2023. The trust voted to wind down in March [...]