Investors flee bonds and stocks to cash as interest rates stay high March 4, 2024 UK retail investors are increasing flocking to cash over other investments as interest rates remain at sky-high levels. Interest rates are at their highest level in over 15 years, at 5.25 per cent, leaving many investors to see a guaranteed return on cash as more appealing than stocks or bonds. UK households now hold 31 [...]
Saga surges towards profit in ‘stronger than expected’ six months January 30, 2024 Over 50s specialist Saga reported a “stronger than expected” six months this morning after announcing last week that it was looking to sell a stake in its cruise business to cover its debts. In a trading update, Saga revealed that over the last six months, revenues increased by between 10 to 15 per cent, while [...]
Succession planning: UK family firms stick to generational commitment January 19, 2024 An Investec study, shared exclusively with City A.M., shows that nine out of 10 of the family businesses surveyed have "robust" succession plans in place for the next generations, with one in three being "open" to the idea of selling.
Exeter Chiefs stun Munster with glorious Champions Cup comeback December 17, 2023 Exeter’s rebuild hit a landmark milestone today after the Devonians came from behind to beat Irish giants Munster and go two from two in the Investec Champions Cup. Many were worried about how Rob Baxter’s men would deal with the ferocity of the biggest club competition in rugby after the Chiefs faced an exodus of [...]
Why Investec is proud to sponsor rugby’s Champions Cup December 7, 2023 The bank's marketing chief explains why the partnership is a perfect fit.
European rugby chairman: Champions Cup is roaring back December 6, 2023 EPCR chairman Dominic McKay on why the Champions Cup is on the up.
Investec’s UK business sees 41 per cent surge in profit, announces record dividend November 16, 2023 Investec announced in April that its wealth and management division would combine with Rathbones in a £839m tie-up.
Investec expects strong UK performance to drive earnings growth – but flags credit losses September 22, 2023 Banking and wealth management group Investec expects its UK business to ensure earnings growth but warned that credit losses will be towards the higher end of expectations. In a trading update for the first half of the year, the bank forecasts its headline earnings per share to be between six per cent and 12 per [...]
Investec hand rugby vote of confidence with Champions Cup sponsorship August 31, 2023 Investec has handed rugby a much-needed vote of confidence by striking a five-year deal to replace Heineken as sponsor of the Champions Cup. Europe and South Africa’s premier club competition has been without a sponsor since the Dutch beer brand, involved since 1995, stepped away from the title association in June. It represents a huge [...]
Investec Wealth and Rathbones tie-up gets green light from regulators August 2, 2023 Investec confirmed today that the proposed merger of Rathbones and its Wealth & Investment arm has secured regulatory approval. In a statement this morning, Investec said “all regulatory clearances in connection with the combination have been received”. The financial services firm said it expects the deal to be completed on 21 September provided the City [...]