Investec PLC (INPJ.J)
15 Oct 2018
Fri, Sep 14 2018
JOHANNESBURG/LONDON Investec cheered investors on Friday with plans to spin off its asset management unit in a surprise restructuring ahead of the departure after four decades of the South African firm's founder and chief executive.
* Unit has $143 billion under management (Adds more detail, updates management quote, share price)
LONDON, Sept 14 Led by technology and autos stocks, European benchmarks rose on Friday after Asian markets climbed overnight on hopes of new trade talks between the United States and China, while asset manager Investec shone after announcing a demerger.
JOHANNESBURG 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 for the first time.
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.
- Are these 3 fallers too cheap to ignore?
- Are Lloyds Banking Group plc, Investec plc and International Personal Finance plc value plays or value traps?
- Are Vodafone Group plc, Investec plc and G4S plc about to halve their dividends?
- Are Barclays PLC, IG Group Holdings plc And Investec plc Value Plays Or Value Traps?
- Are Dividends From Carillion plc (6.5%), Talktalk Telecom Group PLC (7.2%) And Investec plc (4.6%) Too Good To Miss?
- Glencore PLC, Investec plc & Aberdeen Asset Management plc: Value Traps Or Value Plays?