Edition:
United States

Investec Ltd (INLJ.J)

INLJ.J on Johannesburg Stock Exchange

8,304.00ZAc
26 Mar 2019
Change (% chg)

-41.00 (-0.49%)
Prev Close
8,345.00
Open
8,301.00
Day's High
8,422.00
Day's Low
8,189.00
Volume
774,566
Avg. Vol
918,853
52-wk High
10,591.00
52-wk Low
7,625.00

Latest Key Developments (Source: Significant Developments)

Investec Bank, UK Climate Investments Commit 1 Bln Rand To African Renewable Energy
Thursday, 17 Jan 2019 05:41am EST 

Jan 17 (Reuters) - Investec Bank Ltd ::INVESTEC BANK LTD - CO, UK CLIMATE INVESTMENTS, IN EQUAL PROPORTIONS, JOINTLY COMMIT R1 BILLION TO AFRICAN RENEWABLE ENERGY.INVESTEC BANK LTD - REVEGO PLANS TO SEEK A LISTING ON JOHANNESBURG STOCK EXCHANGE IN FIRST HALF OF 2019..INVESTEC - WITH TARGETED INITIAL LISTING SIZE OF ABOUT R2 BILLION, REVEGO LISTING EXPECTED TO GENERATE INTEREST FROM INSTITUTIONAL INVESTMENT COMMUNITY.INVESTEC BANK LTD - CO, UK CLIMATE JOINTLY COMMIT R1 BILLION IN RENEWABLE ENERGY INVESTMENT VEHICLE, REVEGO AFRICA ENERGY LTD.  Full Article

Investec Proposes To Demerge And List Ivestec Asset Management
Friday, 14 Sep 2018 02:30am EDT 

Sept 14 (Reuters) - Investec Plc ::INVESTEC: PROPOSED DEMERGER AND LISTING OF IAM.FANI TITI AND HENDRIK DU TOIT WILL BECOME JOINT CEOS OF GROUP ON 1 OCTOBER 2018.CONCLUDED THAT IT IS NOW APPROPRIATE TO DEMERGE AND PUBLICLY LIST IAM.INVESTEC SPECIALIST BANKING, INVESTEC WEALTH & INVESTMENT BUSINESSES WILL REMAIN PART OF GROUP'S CURRENT DUAL LISTED COS STRUCTURE.BELIEVES THAT THE TRANSACTION SIMPLIFIES GROUP AND FOCUSES IAM AND REMAINING GROUP ON THEIR RESPECTIVE GROWTH PATHS.FOLLOWING IMPLEMENTATION OF TRANSACTION, FANI TITI WILL LEAD REMAINING GROUP AND HENDRIK DU TOIT WILL LEAD IAM.STEPHEN KOSEFF AND BERNARD KANTOR WILL STEP DOWN FROM THEIR ROLES AS CEO AND MANAGING DIRECTOR, RESPECTIVELY, ON 1 OCTOBER.STRUCTURE AND COMPOSITION OF BOARDS OF REMAINING GROUP AND IAM WILL BE DETERMINED IN DUE COURSE AS PART OF TRANSACTION IMPLEMENTATION.FOLLOWING IMPLEMENTATION OF TRANSACTION, FANI TITI WILL LEAD REMAINING GROUP AND HENDRIK DU TOIT WILL LEAD IAM.TRANSACTION IS SUBJECT TO REGULATORY, SHAREHOLDER AND OTHER APPROVALS AND IS EXPECTED TO BE COMPLETED WITHIN NEXT TWELVE MONTHS.IT IS INTENDED THAT IAM WILL BE LISTED ON LONDON STOCK EXCHANGE WITH AN INWARD LISTING ON JSE LIMITED.BOARD WILL PROVIDE FURTHER INFORMATION ON TRANSACTION AND ITS PROGRESS DURING ITS IMPLEMENTATION, AS IT IS ABLE TO DO SO.IAM MANAGEMENT STAKE IN COMPANY WILL BE RETAINED AND REMAINING GROUP MAY RETAIN A MINORITY STAKE IN IAM.  Full Article

Investec Says ‍FY Revenue Expected To Be Ahead Of Prior Year​
Friday, 16 Mar 2018 04:45am EDT 

March 16 (Reuters) - Investec Plc ::‍FY REVENUE IS EXPECTED TO BE AHEAD OF PRIOR YEAR​.‍IMPAIRMENTS IN FY ARE EXPECTED TO BE AHEAD OF PRIOR YEAR​.‍OVER LAST YEAR BREXIT AND POLITICAL UNCERTAINTY HAS CONTINUED TO IMPACT CORPORATE AND CONSUMER CONFIDENCE IN UK AND IN SOUTH AFRICA​.‍SPECIALIST BANKING BUSINESS IS EXPECTED TO REPORT FY RESULTS BEHIND PRIOR YEAR​.‍FOR PERIOD 31 MARCH 2017 TO FEB 28 THIRD PARTY AUM INCREASED 9.1% TO GBP164.5 BILLION - INCREASE OF 8.0% ON A CURRENCY NEUTRAL BASIS​.CORE LOANS AND ADVANCES INCREASED 11.7% TO GBP25.4 BILLION - INCREASE OF 9.5% ON A CURRENCY NEUTRAL BASIS FOR PERIOD 31 MARCH 2017 TO 28 FEB 2018​.‍FOR YEAR TO 31 MARCH FOR BOTH INVESTEC PLC AND INVESTEC LIMITED O CAPITAL RATIOS ARE EXPECTED TO BE WITHIN TARGET TOTAL CAPITAL ADEQUACY RANGE​.‍CUSTOMER ACCOUNTS (DEPOSITS) INCREASED 5.5% TO GBP30.7 BILLION - INCREASE OF 3.4% ON CURRENCY NEUTRAL BASIS FOR PERIOD 31 MARCH 2017 TO 28 FEB 2018​.‍FY OPERATING PROFIT IS EXPECTED TO BE IN LINE WITH PRIOR YEAR​.  Full Article

Investec Plc Say Stephen Koseff,Bernard Kantor to step down
Tuesday, 6 Feb 2018 02:24am EST 

Feb 6 (Reuters) - Investec Plc ::‍GLYNN BURGER, GROUP RISK AND FINANCE DIRECTOR, WILL RETIRE ON 31 MARCH 2019​.CEO ‍STEPHEN KOSEFF AND MANAGING DIRECTOR BERNARD KANTOR WILL STEP DOWN FROM THEIR ROLES ON 1 OCTOBER 2018​.INVESTEC - HENDRIK DU TOIT FOUNDING CEO OF INVESTEC ASSET MANAGEMENT AND EXECUTIVE DIRECTOR OF GROUP SINCE DECEMBER 2010, WILL BE APPOINTED AS CEO DESIGNATES ON APRIL 1.KOSEFF AND KANTOR WILL WILL CONTINUE TO SERVE AS EXECUTIVE DIRECTORS UNTIL 31 MARCH 2019.INVESTEC - ‍FANI TITI WILL BE APPOINTED AS CEO DESIGNATES ON 1 APRIL 2018​.INVESTEC - ‍ON OCT 1 FANI TITI AND HENDRIK DU TOI​ WILL BECOME JOINT CEOS OF GROUP.INVESTEC - ‍KIM MCFARLAND WILL TAKE OVER AS GROUP FINANCE DIRECTOR ON 1 APRIL 2019​.‍FANI TITI WILL STEP DOWN AS GROUP CHAIRMAN ON 31 MARCH 2018​.INVESTEC - ‍FANI TITI WILL STEP DOWN AS CHAIRMAN OF INVESTEC BANK LIMITED ON 1 APRIL 2018, WITH KHUMO SHUENYANE ASSUMING THIS POSITION​.  Full Article

Investec posts net interest income of 3.66 billion rand ​
Thursday, 16 Nov 2017 02:00am EST 

Nov 16 (Reuters) - INVESTEC LTD ​:H1 NET INTEREST INCOME OF 3.66 BILLION RAND VERSUS 3.76 BILLION RAND YEAR AGO.H1 ‍BALANCE SHEET REMAINS SOUND WITH A CAPITAL ADEQUACY RATIO OF 15.3% (31 MARCH 2017: 15.4%)​.H1 HEADLINE EARNINGS ATTRIBUTABLE TO ORD SHAREHOLDERS 2.19 BILLION RAND VERSUS 1.49 BILLION RAND YEAR AGO.H1 ‍TOTAL OPERATING INCOME BEFORE IMPAIRMENT LOSSES ON LOANS AND ADVANCES INCREASED BY 14.6% TO R5 965 MILLION​.  Full Article

Investec says H1 net interest income of 364.3 mln pounds
Thursday, 16 Nov 2017 02:00am EST 

Nov 16 (Reuters) - INVESTEC: :H1 NET INTEREST INCOME OF 364.3 MILLION STG VERSUS 313.5 MILLION STG YEAR AGO ‍​.H1 PROFIT BEFORE TAXATION OF 326.3 MILLION STG VERSUS 290.7 MILLION STG YEAR AGO ‍​.‍DECLARED A DIVIDEND OF 10.5 PENCE PER ORDINARY SHARE (2016: 10.0 PENCE)​.H1 ONGOING OPERATING PROFIT INCREASED 10.5% TO GBP347.5 MILLION (2016: GBP314.5 MILLION) - AN INCREASE OF 0.9% ON A CURRENCY NEUTRAL BASIS​.H1 ‍ONGOING ADJUSTED EPS BEFORE GOODWILL, ACQUIRED INTANGIBLES AND NON-OPERATING ITEMS INCREASED 14.8% FROM 25.7 PENCE TO 29.5 PENCE​.  Full Article

Investec ‍says ‍HY revenue is expected to be ahead of prior period​
Friday, 15 Sep 2017 03:45am EDT 

Sept 15 (Reuters) - INVESTEC PLC ::‍FIRST HALF OF GROUP'S FINANCIAL YEAR CONTINUED TO SEE MACRO UNCERTAINTY IN ITS KEY OPERATING GEOGRAPHIES​.‍WEALTH & INVESTMENT BUSINESS IS EXPECTED TO REPORT HY RESULTS COMFORTABLY AHEAD OF PRIOR PERIOD​.SPECIALIST BANKING BUSINESS IS EXPECTED TO REPORT HY RESULTS AHEAD OF PRIOR PERIOD.HY ‍OPERATING PROFIT IS EXPECTED TO BE COMFORTABLY AHEAD OF PRIOR PERIOD​.‍HY REVENUE IS EXPECTED TO BE AHEAD OF PRIOR PERIOD​.‍HY RECURRING INCOME AS A PERCENTAGE OF TOTAL OPERATING INCOME IS EXPECTED TO BE APPROXIMATELY 75%​.‍UNCERTAINTY EXPECTED TO CONTINUE INTO SECOND HALF OF GROUP'S FINANCIAL YEAR​.  Full Article