INVP.L - Investec plc

LSE - LSE Delayed price. Currency in GBp
430.00
+1.90 (+0.44%)
At close: 4:35PM GMT
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Previous close428.10
Open432.00
Bid430.10 x 0
Ask430.10 x 0
Day's range425.80 - 435.00
52-week range391.90 - 523.40
Volume2,293,508
Avg. volume3,950,857
Market cap2.993B
Beta (3Y monthly)0.48
PE ratio (TTM)8.98
EPS (TTM)47.90
Earnings date21 Nov 2019
Forward dividend & yield0.24 (5.87%)
Ex-dividend date2019-12-05
1y target est610.50
  • Reuters - UK Focus

    UPDATE 2-Investec expects 189 mln stg from asset management spin-off in March

    JOHANNESBURG/LONDON, Nov 29 (Reuters) - Anglo-South African financial services group Investec expects to raise about 189 million pounds ($242 million) from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March. Investec, which manages more than 119 billion pounds ($154 billion) in assets, announced plans for the split last year and said the asset manager would be better able to focus on creating long term value away from Investec's banking and wealth operations. The demerger follows similar moves by Prudential, Old Mutual and Deutsche Bank as fees fall and costs rise in the fund management sector.

  • Investec expects 189 million pounds from asset management spin-off in March
    Reuters

    Investec expects 189 million pounds from asset management spin-off in March

    JOHANNESBURG/LONDON (Reuters) - Anglo-South African financial services group Investec expects to raise about 189 million pounds from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March. Investec, which manages more than 119 billion pounds in assets, announced plans for the split last year and said the asset manager would be better able to focus on creating long term value away from Investec's banking and wealth operations. The demerger follows similar moves by Prudential , Old Mutual and Deutsche Bank as fees fall and costs rise in the fund management sector.

  • Egyptian Companies’ Profits Surge as They Reap Benefits of Currency Float
    Bloomberg

    Egyptian Companies’ Profits Surge as They Reap Benefits of Currency Float

    (Bloomberg) -- For any central bank balking at freeing up its currency for the fear of inflicting pain on the economy, the turnaround being enjoyed by companies in Egypt may provide comfort.Three years after the north African nation let markets set the pound’s value, its companies are witnessing a rebound in profits. While earnings have surged to a record in dollar terms, estimates have returned to levels last seen before the float.It’s a transformation for a country that in November 2016 was forced to liberalize an overvalued currency and cut subsidies to get a $12 billion bailout from the International Monetary Fund. The measures, aimed at easing a dollar squeeze, initially caused inflation to accelerate to 33% and sent earnings plunging.Today, it’s inflation that’s near a record low. Foreign currency reserves are booming and the stock market is 62% bigger than its post-float low. Projections for economic growth of 5.6% this year and the pound’s best annual performance since at least 1999 are firing up earnings.“Egypt is a very good example of what happens when a country ends currency management and lets it float in the market,” said Andrew Schultz, the head of Africa strategy and sales at Investec Bank Ltd. in Johannesburg. “It’s a success story that a number of countries in the region could learn from -- especially Nigeria and Kenya.”Higher earnings estimates reflect the adjustment the economy has gone through and investors’ improved perception of the nation of 100 million people, Schultz said. Moderating inflation has contributed to investor returns, he added.Rising profit expectations are making Egyptian stocks cheaper too. The EGX 30 Index trades at 8.3 times projected 12-month earnings, one of the lowest valuations in emerging markets.In east Africa, Kenya has struggled to boost credit growth, in large part because of a cap on interest rates that was only just rescinded. While the country doesn’t peg the shilling, the IMF last year reclassified the currency regime from “floating” to “other managed arrangement” to reflect its limited volatility and periodic central-bank intervention. The IMF has also said the shilling is overvalued, an assessment rejected by the central bank.Nigeria is fighting slow economic growth even as inflation has risen to a 17-month high of 11.6%. Moves to boost the economy with lower rates would put upward pressure on prices and also test the naira’s strength. The country has made a messy advance toward a freer currency in recent years, promising a float but later reasserting controls. It now implements a dual system that allows foreign investors to repatriate funds more easily but which they say has led to an artificially strong currency.(Adds new 7th paragraph on valuations)To contact the reporter on this story: Srinivasan Sivabalan in London at ssivabalan@bloomberg.netTo contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Paul WallaceFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 2-Investec profit sapped by UK banking, wealth weakness

    Investec said on Thursday the spin-off of its asset management division next year was on track, a plan that will leave it with just banking and wealth management operations. Shares in Investec are down by almost 10% following a profit warning in September, and were around 2.5% lower in both London and Johannesburg by 0823 GMT.

  • Reuters

    Investec Asset Management demerger on track, to rename as Ninety One

    The demerger of Investec Asset Management from its Anglo-South African parent Investec Group is on track to complete in the first quarter of 2020, when it will be renamed Ninety One, the company said on Tuesday. Investec's fund arm plans to list in London, with a dual listing in Johannesburg, as part of a restructuring of the financial services company announced last year. Investec, which manages more than 119 billion pounds ($154 billion) in assets, said the new identity "reflects the heritage of the firm" in a nod to 1991, the year the asset management unit was formed.

  • Reuters - UK Focus

    CORRECTED-Investec Asset Management demerger on track, to rename as Ninety One

    The demerger of Investec Asset Management from its Anglo-South African parent Investec Group is on track to complete in the first quarter of 2020, when it will be renamed Ninety One, the company said on Tuesday. Investec's fund arm plans to list in London, with a dual listing in Johannesburg, as part of a restructuring of the financial services company announced last year.

  • Globe Newswire

    Form 8.5 (EPT/RI) - Amerisur Resources plc

    FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY1.         KEY INFORMATION(a) Name of exempt principal trader:  Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offeree  Amerisur Resources plc (c) Name of the party to the offer with which exempt principal trader is connected:    Investec are Joint Broker to Amerisur Resources plc    d) Date dealing undertaken:  25th September 2019   (e) Has the EPT previously disclosed, or is it today disclosing, in respect of any other party to this offer?No 2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER(a)        Purchases and salesClass of relevant securityPurchases/ sales  Total number of securitiesHighest price per unit paid/received (pence)  Lowest price per unit paid/received (pence)   Ordinary Shares  Purchases  70,000  16.9  16.9   Ordinary Shares  Sales  126,423  16.908  16.864 (b)        Derivatives transactions (other than options)Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)        Options transactions in respect of existing securities(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExercisingClass of relevant securityProduct description e.g. call optionNumber of securitiesExercise price per unit        (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        The currency of all prices and other monetary amounts should be stated.Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.3.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”   None (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   Date of disclosure: 26th September 2019   Contact name:  Rich White   Telephone number:  0207 597 5462

  • Globe Newswire

    Form 8.5 (EPT/RI)

    FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY1.         KEY INFORMATION(a) Name of exempt principal trader:  Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offeree  Amerisur Resources plc (c) Name of the party to the offer with which exempt principal trader is connected:    Investec are Joint Broker to Amerisur Resources plc    d) Date dealing undertaken:  23rd September 2019   (e) Has the EPT previously disclosed, or is it today disclosing, in respect of any other party to this offer?No 2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER(a)        Purchases and salesClass of relevant securityPurchases/ sales  Total number of securitiesHighest price per unit paid/received (pence)  Lowest price per unit paid/received (pence)   Ordinary Shares  Purchases  103,175  17.16  16.995   Ordinary Shares  Sales  100,678  17.08  17.08 (b)        Derivatives transactions (other than options)Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)        Options transactions in respect of existing securities(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExercisingClass of relevant securityProduct description e.g. call optionNumber of securitiesExercise price per unit        (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        The currency of all prices and other monetary amounts should be stated.Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.3.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”   None (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   Date of disclosure: 24th September 2019   Contact name:  Jacqueline Lovis   Telephone number:  0207 597 4815

  • Globe Newswire

    Form 8.5 (EPT/RI) - Amerisur Resources Plc

    FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY1.         KEY INFORMATION(a) Name of exempt principal trader:  Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offeree  Amerisur Resources plc (c) Name of the party to the offer with which exempt principal trader is connected:    Investec are Joint Broker to Amerisur Resources plc    d) Date dealing undertaken:  20th September 2019   (e) Has the EPT previously disclosed, or is it today disclosing, in respect of any other party to this offer?No 2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER(a)        Purchases and salesClass of relevant securityPurchases/ sales  Total number of securitiesHighest price per unit paid/received (pence)  Lowest price per unit paid/received (pence)   Ordinary Shares  Purchases  286,945  17.44  16.9   Ordinary Shares  Sales    356,757  17.432  16.91 (b)        Derivatives transactions (other than options)Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)        Options transactions in respect of existing securities(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExercisingClass of relevant securityProduct description e.g. call optionNumber of securitiesExercise price per unit        (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        The currency of all prices and other monetary amounts should be stated.Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.3.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”   None (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   Date of disclosure: 23rd September 2019   Contact name:  Rich White   Telephone number:  0207 597 5462

  • Reuters - UK Focus

    LIVE MARKETS-UK: List your U.S. businesses in NY?

    * Europe's STOXX 600 up 0.2% as defensive stocks gains * Investec falls after profit warning * London lags as sterling bounces on renewed Brexit optimism * * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: josephine.mason.thomsonreuters.com@reuters.net UK: LIST YOUR U.S. BUSINESS IN NY? Companies have increasingly turned to the bond markets for their financing needs in recent months as falling bond yields mean buying debt is cheap versus equity, leading to less equity offerings.

  • Reuters - UK Focus

    UPDATE 2-British blue-chips dented by sterling's brief Brexit uplift

    Britain's exporter-heavy blue-chip index lost ground as sterling hit multi-month highs after European Commission President Jean-Claude Juncker said that a Brexit deal is still possible. The FTSE 100 dipped by 0.2%, registering its first weekly loss in three, though sterling's early gains helped the more domestically focused mid-cap FTSE 250 to firm by 0.4%.

  • Globe Newswire

    Amerisur Resources Plc

    FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY1.         KEY INFORMATION(a) Name of exempt principal trader:  Investec Bank plc   (b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offeree  Amerisur Resources plc (c) Name of the party to the offer with which exempt principal trader is connected:    Investec are Joint Broker to Amerisur Resources plc    d) Date dealing undertaken:  19th September 2019   (e) Has the EPT previously disclosed, or is it today disclosing, in respect of any other party to this offer?No 2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER(a)        Purchases and salesClass of relevant securityPurchases/ sales  Total number of securitiesHighest price per unit paid/received (pence)  Lowest price per unit paid/received (pence)   Ordinary Shares  Purchases  92,733  17.02  16.96   Ordinary Shares  Sales    66,548  17.144  17.05 (b)        Derivatives transactions (other than options)Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)        Options transactions in respect of existing securities(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExercisingClass of relevant securityProduct description e.g. call optionNumber of securitiesExercise price per unit        (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        The currency of all prices and other monetary amounts should be stated.Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.3.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”   None (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   Date of disclosure: 20th September 2019   Contact name:  Rich White   Telephone number:  0207 597 5462

  • Reuters - UK Focus

    UPDATE 2-Investec warns of first-half profit drop as restructuring costs bite

    Anglo-South African financial services company Investec said its first-half profit will be lower than a year ago due to a jump in restructuring costs and as global trade tensions and Brexit roil its key markets. Investec, which provides asset management and specialist banking services, has been streamlining its operations by selling and shutting some units and restructuring businesses.

  • Reuters - UK Focus

    LIVE MARKETS-London on the backfoot

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. The major European stock futures are on the backfoot this morning as investors lock in profits amid broader caution about US-China trade talks, government stimulus and spikes in overnight lending rates in the United States. London futures are leading the charge lower, down 0.7% after sterling rallied to a two-month high as hopes the country will avoid a no-deal Brexit build again after European Commission President Jean-Claude Juncker said a new Brexit deal could still be reached before the Oct. 31 deadline and the backstop could be potentially replaced.

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