Rathbones partners up with Investec Wealth to create £100bn money manager April 4, 2023 Rathbones has snapped up Investec's wealth arm today in a move which will create one of the UK's top money managers with £100bn assets under management.
Investec profits set for £100m hike with bank latest to enjoy a boost from rising interest rates March 16, 2023 Banking and wealth management group Investec said it would report a significant increase in profit compared to last year, with rising interest rates boosting the firm’s bottom line. Releasing a statement ahead of the bank’s year-end on 31 March, Investec expects to report an adjusted operating pretax profit of between £782.8m and £833.6m. Last year’s [...]
London’s unicorns: City’s tech start-ups are bringing in the big bucks December 21, 2022 London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]
Investec rolls out £350m share buyback as revenues jump November 17, 2022 Investec said it would roll out a share buyback programme today
Investec expects earnings per share and profits to climb despite volatile backdrop September 23, 2022 Investec said it expects profits to continue to climb as the specialist banking and asset management group rides out the volatile macro environment with diverse revenue streams. The firm said it expects adjusted operating profit before tax to be between £372.6m and £406.2m in its pre-close trading update, with the UK business’ figure at least 20 [...]
Investec boosts guidance after profit more than doubles and sheds 15 per cent of Ninety One November 18, 2021 Investec today said its recovery continued in the first half of its new financial year, as profit more than doubled from the same period a year earlier. The FTSE 250 firm said this rebound was driven by a strong earnings recovery on increased client activity across the business and lower funding costs. As a result [...]
FTSE 250 group Investec expects 125 per cent UK profit growth September 23, 2021 Wealth manager and banking group Investec has raised its earnings guidance following a rebound in revenue, with its UK wealth division growing 9 per cent to £45bn. The Group said its UK business’ adjusted operating profit are now expected to be at least 125 per cent higher than the first half of 2021. The Anglo-South [...]
Investec sees annual profit drop but second half resurgence boosts outlook May 21, 2021 Investec today said its financial year was a ‘tale of two halves’, with a strong earnings recovery in the second half supported by a resilient client base. Adjusted earnings per share for the year ended 31 March was 28.9p, almost 15 per cent lower than the previous year. Second half earnings shot up to 58 [...]
City Moves: Who is switching jobs in the Square Mile this week? April 21, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. In this week’s City Moves, we have a host of newly created roles making their way across the Square Mile. From chief data officers to directors of environment social and governance – the [...]
Investec to cut 210 London jobs as first-half profit plunges September 18, 2020 Investec today confirmed plans to cut 210 jobs in its London office as it warned profit could fall by up to 60 per cent in the first half of the year. The wealth manager and banking group said the job cuts — which equate to roughly 13 per cent of its UK headcount — were [...]