Investec PLC and Ltd - Sandton, Johannesburg-based financial services - Lyndon Subroyen, global head of Investec Digital, sells 33,519 shares at GBP4.92, worth GBP165,003, on Thursday last week and 4,400 shares at ZAR115,62, worth ZAR508,743, on Friday. Read More
Keller Group PLC - London-based geotechnical engineering firm - Begins multi-year share buyback programme with an initial tranche of GBP25 million, split equally between Investec PLC and Ltd and Peel Hunt Ltd. Says programme follows strong 2024 performance and balance sheet strength, with net debt being reduced by 80% year-on-year to GBP29.5 million. Buyback will run through September and complements a 10% dividend increase for 2024. Chief Executive Officer Michael Speakman says the share buyback reflects the "attractive capital allocation options" available to the group. Read More
Rathbones Group PLC - London-based investment and wealth manager - Hires Jonathan Sorrell to be its new chief executive officer, joining the company on July 1 from Capstone Investment Advisors, a derivatives investment management firm where he has been president since the start of 2020. Sorrell previously was chief financial officer, and later president, of active investment manager Man Group PLC. At Rathbones, Sorrell will replace Paul Stockton, who will retire on September 30 after 16 years with Rathbones and six as CEO. Rathbones says Stockton wants to retire upon turning 60 in the second half of the year. It notes that Stockton oversaw the merger of Rathbones with Investec Wealth & Investment Ltd, the UK arm of Investec PLC. The all-share combination was completed in September last year, and Investec now owns around 41% of Rathbones as a result. Read More
(Alliance News) - Investec PLC and Ltd warned on Thursday it expects annual earnings to fall following a once-off gain linked to the Rathbones Group PLC deal a year before. Read More
Johnson Service Group PLC - Cheshire, England-based textile rental and services provider - Launches on Wednesday the first tranche of the share buyback announced with its annual results on Tuesday. The GBP15.0 million first tranche of the GBP30.0 million buyback will be run by Investec Bank PLC and will be completed by July 18. Johnson Service noted it has significant headroom under its banking facilities and current debt leverage is less than one times. Read More
(Alliance News) - Rathbones Group PLC on Wednesday reported a rise in funds under management, as the integration of the former Investec business in the UK helped attract "record gross inflows". Read More
(Alliance News) - Boku Inc on Tuesday said it is extending its current share buyback programme. Read More
(Alliance News) - Cohort PLC on Tuesday said it has raised GBP41 million from an offering of shares to institutional and retail investors, with the money to be used toward a defence-sector acquisition in Australia. Read More
(Alliance News) - Investec PLC and Ltd on Thursday attributed its "solid" interim financial performance to higher interest rates and swelling lending books. Read More
Morgan Advanced Materials PLC - Windsor, England-based manufacturer of carbon and ceramic materials - Launches share buyback programme worth up to GBP40 million in total. The first tranche of GBP10 million will be run by Investec Bank PLC. It will start on Tuesday and be completed by the end of March. "Our strong prospects and balance sheet have enabled us to increase returns to shareholders by supplementing our regular dividend with the launch of this share buyback programme," says Chief Executive Officer Pete Raby. "Alongside our investments to enhance both organic growth and cost rationalisation, the share buyback is further evidence of the attractive capital allocation options at the group's disposal." Read More
(Alliance News) - Rathbones Group PLC on Thursday said it continued to suffer net outflows following its merger with the UK wealth management business of Investec PLC. Read More
Funding Circle Holdings PLC - London-based small and medium enterprise loans platform - Completes its initial GBP25 million share buyback programme on Tuesday, buying back 27.3 million shares or around 7.6% of the company's issued capital. It launches a further buyback programme for up to GBP25 million on Wednesday, as announced on September 5. Investec Bank PLC will manage the programme on the company's behalf. Read More
(Alliance News) - Literacy Capital PLC on Monday announced it has refinanced and extended a revolving credit facility to provide the business with additional capital and flexibility. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Costain Group PLC - London-based construction and engineering firm - Announces that Panmure Liberum Ltd completed the GBP5 million first tranche of its on-market share buyback programme on September 19, with a total of about 4.9 million shares bought for cancellation. Investec Bank PLC will now start the second tranche of the buyback of up to a maximum consideration of GBP5 million with effect from today. Read More
(Alliance News) - Investec PLC and Ltd on Friday warned that it expects its interim earnings to plummet at least 45% following the Burstone Group Ltd deal and the Rathbones Group PLC combination. Read More
(Alliance News) - London's FTSE 100 is called to open lower on Friday, eating into its weekly gain, despite a strong day in New York overnight. Read More