|Bid||468.80 x 75000|
|Ask||468.90 x 130700|
|Day's Range||466.60 - 474.70|
|52 Week Range||420.00 - 594.80|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||9.24|
|Forward Dividend & Yield||0.24 (5.05%)|
|1y Target Est||N/A|
Investec has become the second asset manager in less than a year to close its online robo-advisory investment service after admitting appetite was too “low”, writing off more than £20m in operating losses and software costs. It warned that “the appetite for investment services such as ours remains low and the market itself is growing at a much slower rate than expected”. its own automated online service in August last year — also just two years after it launched — after the Swiss bank acknowledged that the “near-term potential” of the scheme, designed to lure younger investors to the bank, was “limited”.
The rise of the robots hit a glitch on Thursday after wealth adviser Investec killed off its “robo-advice” service due to sluggish demand.
Nationwide Building Society, Investec Bank and The Co-operative Bank have been granted a total of 80 million pounds from a fund set-up to increase competition for lending to small businesses in Britain. The Board of Banking Competition Remedies (BCR) said on Tuesday that it was allocating 50 million pounds to Nationwide, 15 million pounds to Investec and 15 to Co-operative Bank. The BCR was set up with cash from Royal Bank of Scotland as part of a scheme requiring it to help boost competition in business lending - a condition of its bailout during the 2008 financial crisis.
Nationwide Building Society has won the second round of a hotly-contested prize to boost competition in the UK’s business banking market, receiving £50m to fund investments in new technology and services. Investec and the Co-Operative Bank won smaller awards of £15m each. The awards are part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.
’s UK banking subsidiary, as the South Africa-based financial services group prepares to spin off its asset management arm as early as the next few months. Ms Leas, 47, who has been chief risk officer since June 2017 and worked for Investec for two decades, is currently responsible for every part of risk management including the areas of credit, liquidity and operational.
Brewin Dolphin is to spend £38m snapping up Investec’s Irish wealth business but denied the swoop was a defensive move to counter the impact of Brexit.
Britain's Brewin Dolphin has agreed to buy Investec's Irish wealth business for 44 million euros (38 million pounds) in cash in a deal it said on Friday would make it one of the country's top-three wealth managers. Investec said in a statement that it had decided to sell because of changes to its business model as a result of Britain's planned exit from the European Union, and that its other Irish businesses were unaffected by the sale.
Gross domestic product almost doubled, along with the nation’s debt load. While the country has come a long way in extending equal rights to people after half a century of segregation under apartheid rule, about a quarter of the labor force doesn’t have a job. After years of having three investment-grade credit ratings, South Africa’s debt is again assessed as junk by all but one of the major ratings companies.
(Bloomberg) -- South African assets are signaling increasing investor anxiety about Wednesday’s election, with the fate of the rand and government bonds tied to the extent of the ruling African National Congress’ expected majority and what that implies for policy.
The London-based asset manager also bought up Mastercard and American Express stock in the first quarter and cut down its Pfizer investment.
The company said in a statement following a newspaper report that the discussions were ongoing and there was no certainty that they would lead to a deal. Britain's Sunday Times reported that Brewin Dolphin is competing with Allied Irish Banks (AIB) to buy Investec's private client stockbroking business, with a price tag of up to 60 million euros ($68 million).
Passengers who have used the self-drop baggage machines at airports like London’s Heathrow, Paris’ Charles de Gaulle, or Singapore’s Changi have unknowingly used the automation equipment of ICM Airport Technics, a Sydney-based tech company that whimsically stands for Innovation Creating Movement. Amadeus, the Madrid-based tech giant, said Thursday it had bought the small company to […] The post Amadeus Buys Airport Self-Service Baggage Firm to Diversify Further appeared first on Skift.
Moody's Investors Service (Moody's) today upgraded the baseline credit assessment (BCA) and adjusted BCA of Investec Bank plc (IBP) to baa1 from baa2. The rating agency also upgraded IBP's long-term deposit and counterparty risk ratings (CRR) to A1 from A2, its senior unsecured MTN ratings to (P)A1 from (P)A2, as well as its long-term counterparty risk assessment (CR Assessment) to A1 (cr) from A2(cr). Furthermore, Moody's affirmed IBP's short-term deposit and programme ratings, and short-term CRR, at Prime-1, as well as its short-term CR Assessment at Prime-1(cr).
The two countries have been trying to deescalate their trade battle over the course of a 90-day truce. Du Toit also said that he saw "opportunities to lock in yields" in emerging market assets. Trade talks between the United States and China are not simply about trade but a "new world order," the chief executive of a major asset management firm told CNBC.