INVP.L - Investec Group Limited

LSE - LSE Delayed Price. Currency in GBp
430.00
+1.90 (+0.44%)
At close: 4:35PM GMT
Stock chart is not supported by your current browser
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)N/A
Earnings DateN/A
Forward Dividend & Yield0.24 (5.87%)
Ex-Dividend Date2019-12-05
1y Target EstN/A
  • Reuters

    UPDATE 1-Accused in Namibian fishing corruption scandal withdraw bail application

    Two former ministers and four others implicated in Namibia's biggest corruption scandal will remain in police custody until Feb. 20 after their lawyers abandoned their bail application on Monday, the prosecuting authority said. Former justice minister Sakeus Shanghala and fisheries minister Bernardt Esau, along with two former employees of South Africa's Investec, are accused of conspiring with Iceland's biggest fishing company Samherji to receive payments worth millions of dollars in exchange for fishing quotas. Samherji has denied wrongdoing, as have Esau and Shanghala.

  • Thomson Reuters StreetEvents

    Edited Transcript of INVP.L earnings conference call or presentation 21-Nov-19 9:00am GMT

    Half Year 2020 Investec PLC Earnings Call

  • 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.

  • Moody's

    Investec Bank plc -- Moody's announces completion of a periodic review of ratings of Investec Bank plc

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Investec Bank plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Thomson Reuters StreetEvents

    Edited Transcript of INVP.L earnings conference call or presentation 16-May-19 8:00am GMT

    Full Year 2019 Investec PLC Earnings Call

  • Reuters

    UPDATE 1-S.African tribunal says it can't charge foreign banks in rand-rigging case

    South Africa's antitrust tribunal concluded on Wednesday that it has no powers to charge foreign banks being investigated in an exchange-rate rigging case unless they have a presence in the country. Partly on that basis, the tribunal sent the case back to the country's competition watchdog, giving it 40 days to clarify the charges it plans to bring. In a probe that has rumbled on since 2015, the Competition Commission has been seeking fines against 23 local and foreign banks that it alleges colluded to coordinate activities when giving quotes to customers buying or selling the rand and the dollar.

  • Investec shuts robot savings adviser after losses mount
    Evening Standard

    Investec shuts robot savings adviser after losses mount

    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, Investec, Co-Op Bank get cash for small business lending
    Reuters

    Nationwide, Investec, Co-Op Bank get cash for small business lending

    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.

  • Brewin Dolphin denies Irish swoop is a Brexit defence
    The Telegraph

    Brewin Dolphin denies Irish swoop is a Brexit defence

    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.

  • Reuters

    Brewin Dolphin to buy Investec's Irish wealth business

    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.