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Investec PLC (INPJ.J)

INPJ.J on Johannesburg Stock Exchange

9,811.58ZAc
21 May 2018
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161.58 (+1.67%)
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Latest Key Developments (Source: Significant Developments)

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 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

Investec sees FY revenue ahead of last year
Tuesday, 14 Mar 2017 05:49am EDT 

Investec Plc : Significant macro events over financial year have impacted group's operating environment . Possibility of a hard Brexit continues to create uncertainty and could impact overall levels of economic growth . South African economy has been weak as politics continue to dominate developments . FY revenue is expected to be well ahead of prior year . FY impairments are expected to be in line with prior year . FY expenses are expected to grow marginally faster than revenue . For year to March 31 2017, common equity tier 1 ratio is expected to remain slightly below group's target of 10 pct for Investec Limited . For March 31 2016 to Feb. 28 2017: - third party assets under management increased 24.3 pct to 151.2 bln stg- up 13.9 pct on a currency neutral basis . Operating profit is expected to be comfortably ahead of prior year . FY capital ratios are expected to be within group's target total capital adequacy range . For the period March 31 2016 to Feb. 28 2017, customer accounts (deposits) up 23.1 pct to 29.6 bln stg, up 5.5 pct on a currency neutral basis . For year to March 31 2017 common equity tier 1 ratio is expected to remain ahead of target for Investec Plc . For the period 31 march 2016 to Feb. 28 2017, core loans and advances up 27.1 pct to 23.0 bln stg, up 7.2 pct on a currency neutral basis..  Full Article

Investec says FX probe confined to a single trader
Friday, 17 Feb 2017 08:39am EST 

Investec Plc : Has received complaint referral lodged by Competition Commission. . Note that case against Investec Limited is confined to conduct of a single trader who is employed by bank. . Intends to seek further information from Competition Commission with respect to specifics of charges in order to continue to co-operate with them Further company coverage: [INVP.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Investec sees H1 revenue ahead of prior year
Friday, 16 Sep 2016 03:45am EDT 

Investec Plc : Pre-close briefing statement . H1 revenue (net of depreciation on operating leased assets) is expected to be ahead of prior year .Overall group results have been marginally impacted by depreciation of average rand against sterling exchange rate of about 3 pct.  Full Article

Investec sees H1 oper profit slightly behind prior year
Friday, 16 Sep 2016 03:45am EDT 

Investec Plc : For six months, Investec Plc and Investec Limited capital ratios are expected to be within group's target total capital adequacy range . Common equity tier 1 ratio is expected to remain slightly below co's target of 10 pct for Investec Limited; Investec Plc is expected to be ahead of this target . Limited impact on net inflows from brexit on group's UK businesses . Specialist banking business deliberately increased its surplus liquidity ahead of referendum which needs to be actively managed . Group expects credit loss ratio on total average core loans and advances to be approximately 0.48 pct to 0.53 pct . H1 operating profit is expected to be slightly behind the prior year; albeit well ahead of 2H 2016 . Expects credit loss ratio on total average core loans and advances to be about 0.48 pct to 0.53 pct (March 2016: 0.62 pct; Sept. 2015: 0.54 pct) .Limited impact on net inflows due to Brexit on UK Asset Management And Wealth & Investment units.  Full Article

Investec places 30.9 mln shares to raise 138.3 mln STG
Thursday, 2 Jun 2016 10:43am EDT 

Investec Plc : Raised gross proceeds of approximately GBP 138.3 million. . New shares being issued represent approximately 4.99% of company's issued ordinary share capital prior to placing. .A total of 30.87 million new ordinary shares in co have been placed with existing, new institutional shareholders at GBP 4.48 per new share.  Full Article

Investec to raise about 145 mln stg via placing
Thursday, 2 Jun 2016 02:01am EDT 

Investec Plc : Proposed placing of up to 5 pct of existing issued ordinary share capital . Placing will raise up to approximately 145 million stg of gross proceeds . Placing is being conducted through an accelerated bookbuilding process . J.P. Morgan cazenove is acting as sole bookrunner in connection with placing . Announces its intention to conduct a placing of up to 30,870,000 new ordinary shares in company .Net proceeds from placing will be used to fund a tender offer of certain sterling preference shares and rand preference shares.  Full Article

Investec sees steady earnings growth as it prepares for changing of the guard

JOHANNESBURG, May 17 Anglo-South African investment bank and asset manager Investec Plc reported an increase in operating profit on Thursday, with funds managed by its asset management business topping 100 billion British pounds ($135 billion) for the first time.

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