Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Buys back GBP141.9 million of its GBP250.0 million 6.75% fixed rate notes. As at Wednesday, GBP141.9 million had been validly tendered for purchase after the offer. The bank has said this is part of its "active management of its debt profile and capital base". Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Launches tender offer to holders of its GBP250.0 million 6.75% fixed rate notes to tender these securities for purchase by the company in exchange for cash. Says this is part of the group's "active management of its debt profile and capital base". Says the net proceeds will be used for general corporate purposes. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Provides Commercial Estates Group with a GBP13.7 million investment loan secured against CEG's 1000 Aztec West Grade A office building in Bristol. This is the first transaction between the two companies and refinances an existing development loan. 1000 Aztec West, completed in December, is south west England's "first net zero carbon out-of-town office" 73,000 square feet of space. Investec says Bristol's Grade A office space supply "remains highly constrained, with approximately three months of availability based on average Grade A take-up in the market." Read More
Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling centre operator - Picks Investec PLC to run the initial GBP5 million portion of the GBP10 million share buyback that Hollywood Bowl announced back in December. The buyback will start on Monday and be completed by January 29, 2025. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Says Investec Ltd will not make donations to any political parties in South Africa. Its decision comes as South Africans prepare to vote in general elections this year. Says the company will continue to support the deepening of democracy through donations to independent organisations that support the constitution of South Africa and voter education. Read More
Oxford Nanopore Technologies - Oxford, England-based company specialising in nanopore DNA-sequencing - Appoints Nick Keher as chief financial officer and director, effective immediately. Keher will replace Tim Cowper as he moves into a new role as Oxford Nanopore's chief operating officer. The company says that Cowper has been performing the majority of COO duties for the past five years, and that he will lead the company's efforts to expand its international footprint. The company also says that new CFO Keher possesses "significant experience of financial leadership of complex, scientific businesses", having served in similar roles at Clinigen Group PLC, BenevolentAI SA, Royal Bank of Canada, Investec PLC and GSK PLC. Read More
Rathbones Group PLC - London-based investment and wealth management - Funds under management and administration rise 4.6% to GBP105.3 billion as of December 31 from GBP100.7 billion on September 30 and nearly double from GBP60.2 billion a year before, thanks to the addition of the UK wealth business of Investec PLC. Net flows in wealth management are about flat in the fourth quarter of 2023, as GBP400 million in net inflows at Rathbone Investment Management are offset by GBP300 million in net outflows at Investec Wealth & Investment. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Bank Ltd Director Rupesh Govan disposes of 21,524 shares in Investec Ltd for an average of ZAR117.26 each, worth ZAR2.5 million, on Friday last week. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Director Marc Khan disposes of 59,007 shares in Investec PLC for an average 520.27 pence each, worth GBP306,997 on Friday. Read More
(Alliance News) - Investec PLC and Ltd on Thursday reported a dip in interim profit as impairment charges mounted, with the financial services firm facing high inflation, rising interest rates and ongoing market volatility. Read More
(Alliance News) - European equities largely inched into the green at midday on Wednesday, though investors awaited with caution a speech from US Federal Reserve Chair Jerome Powell this afternoon. Read More
(Alliance News) - Investec PLC and Ltd said on Wednesday it had revised upwards its interim earnings guidance, seemingly getting a boost from the merger between Investec's UK Wealth & Investment and Rathbones Group PLC. Read More
(Alliance News) - Rathbones Group PLC on Friday named Investec Wealth & Investment Ltd's finance director, Iain Hooley, as its new chief financial officer, as the companies continue to merge operations. Read More
(Alliance News) - Investec PLC and Ltd on Monday issued a correction to its recent trading statement, saying that funds under management were GBP2 billion less than first reported. Read More
(Alliance News) - Investec PLC and Ltd said on Friday that it continued to experience "solid" performance in the first half of 2023, despite a challenging macroeconomic environment. Read More