Advertisement
UK markets closed

  • FTSE 100

    7,896.37
    +19.32 (+0.25%)
     

  • FTSE 250

    19,392.39
    -58.28 (-0.30%)
     

  • AIM

    744.53
    -0.76 (-0.10%)
     

  • GBP/EUR

    1.1635
    -0.0048 (-0.41%)
     

  • GBP/USD

    1.2410
    -0.0028 (-0.23%)
     

  • Bitcoin GBP

    52,057.88
    +750.33 (+1.46%)
     

  • CMC Crypto 200

    1,374.16
    +61.53 (+4.92%)
     

  • S&P 500

    4,992.29
    -18.83 (-0.38%)
     

  • DOW

    37,933.66
    +158.28 (+0.42%)
     

  • CRUDE OIL

    83.03
    +0.30 (+0.36%)
     

  • GOLD FUTURES

    2,407.40
    +9.40 (+0.39%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,745.35
    -92.05 (-0.52%)
     

  • CAC 40

    8,024.82
    +1.56 (+0.02%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Ninety One focusing on managing fund liquidity - CEO

Reuters
·1-min read

LONDON (Reuters) - Ninety One was focusing on making sure its funds have sufficient liquidity in volatile markets, its chief executive said on Monday, the asset manager's first day as a separate listed company after demerging from parent Investec.

Investec did not go ahead with a planned public offering of 10% of its shares because of the recent falls in markets, but management planned to increase its shareholding over time, Hendrik du Toit told Reuters.

Shares in Ninety One opened at 135 pence per share on the London Stock Exchange, before rising to 150 pence in early trades. Investec had originally planned to sell a 10% stake somewhere between 190 and 235 pence per share.

This would have given the company a market capitalisation of up to 2.26 billion pounds ($2.79 billion).

(Reporting by Carolyn Cohn and Abhinav Ramnarayan)