Investec downgrades ‘deeply underwhelming’ Martin Currie trust Investing Investec has downgraded a Martin Currie-run investment trust due to its “deeply underwhelming” performance, arguing investors should sell out of the vehicle. The performance of the £234.5m Martin Currie Global Portfolio has been “concerning” and its attempts to keep its stock price up are “clearly not sustainable,” warned Investec analysts Alan Brierley and Ben Newell. [...]
Why these City firms will be the winners and losers of Rachel Reeves’s Budget Investing Nervousness has gripped the City over the past month. A vacuum of fiscal policy has been filled by speculation and companies are scrambling to draw up plans ahead of a potentially punitive tax-raiding Budget from Keir Starmer and Rachel Reeves. Among the most gloomy warnings have been an inadvertent gutting of London’s junior AIM market [...]
Investec set for profit boost despite challenges in the UK Banking Investec delivered an upbeat trading update for the first half, with profit on track to increase compared to last year despite challenges in the UK. The bank expects adjusted operating pretax profit in the six months to September to be between £450m and £482m, up from £441m in the same period last year. Headline earnings [...]
Now private investigators involved in never-ending sale of Daily Telegraph: reports June 23, 2024 Although the Barclays technically still own the newspaper group, it is controlled by a group of independent directors.
Investec sets aside £30m for FCA motor finance review May 23, 2024 London-listed South African banking group Investec has set aside £30m to cover potential costs from a City regulator probe into unfair car loans that could leave the motor finance industry on the hook for billions in compensation fees.
What lessons can business learn from the Investec Champions Cup? May 22, 2024 As Leinster and Toulouse get set for their Investec Champions Cup showdown this weekend, what lessons can business learn from rugby? Tim Burnell, Chief Marketing Officer of UK & International at Investec Bank takes a look. Success in business and sport is much more than a numbers game. Profit figures and points tallies are important, [...]
Investec Champions Cup finalists Leinster and Toulouse have varied preparations May 19, 2024 The four clubs set to contest this weekend’s Investec Champions Cup and European Challenge Cup had mixed fortunes in their domestic leagues at the weekend as each side prepares for the showpiece finale at Tottenham Hotspur Stadium on Friday and Saturday night. The English team Gloucester will face South African franchise the Sharks on Friday [...]
Rathbones merger with Investec Wealth ‘progressing well’ but outflows ‘elevated’ May 9, 2024 "The integration of IW&I is progressing well with run-rate synergies now £10.6m, up from the £8.0m reported at 31 December 2023," Stockton said.
Champions Cup sponsors Investec team up with School of Hard Knocks charity April 11, 2024 Investec, the leading financial services group and title sponsor of the Investec Champions Cup, has today announced a three-year partnership with School of Hard Knocks (SOHK), a social inclusion charity that uses sport to teach valuable skills to underprivileged people. Through the partnership, Investec will provide participating children with career insights and development days. It [...]
Investec expects double-digit earnings growth after year of change March 20, 2024 In the past few years Investec also spun off its wealth management business Ninety One and sold its remaining 15 per cent stake in 2021.