(Alliance News) - Rathbones Group PLC reported on Wednesday that its fund under management had narrowly increased, but that it had swung to a significant net outflow. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Cumesh Moodliar, head of Private Banking SA at Investec, sells 51,858 shares in Investec Ltd at an average ZAR112.98 each worth ZAR5.8 million on Friday. In another transaction by an insider, Cumesh Moodliar, an executive of Investec Wealth & Investment SA at Investec, disposes of 40,000 shares in Investec Ltd at an average ZAR113.19 apiece worth ZAR4.5 million also on Friday. Also on Friday, Director Joubert Hay sells 40,000 shares for ZAR113.19 each, worth ZAR4.5 million. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Notes Berchar Properties Ltd, a person closely associated with former Investec chief executive officer Stephen Koseff, disposes of 76,530 Investec shares at a price of 436p each on Friday last week. Total aggregate value is GBP333,671. Read More
(Alliance News) - Investec PLC and Ltd said on Friday the all-share merger between its unit Investec Wealth & Investment Ltd and Rathbones Group PLC is expected to be completed this year. Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Fletcher Street No.2 Ltd disposes of 846,276 shares in Investec PLC at GBP4.60 each worth about GBP3.9 million in two transaction on Tuesday and Wednesday. Fletcher Street is associated with Investec executive director James Kieran Colum Whelan. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News: Read More
Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Ruth Leas sells 40,000 shares in Investec PLC at GBP4.66 each, worth GBP186,400, on Friday. Leas is the chief executive of Investec Bank PLC, a division which houses non-Southern African lending operations in the UK, the US, the Channel Islands, India and Ireland. Read More
Investec PLC and Ltd - Sandton, South Africa-based financial services company - Says Director Ciaran Whelan sells 174,027 shares at GBP4.76 per share, for a total of GBP828,368. Read More
(Alliance News) - Investec PLC and Ltd said on Wednesday it has agreed to raise its stake in Capitalmind Group, a mergers & acquisition and corporate finance advisory group. Read More
(Alliance News) - Analysts were divided over what the latest takeover deal for a London mid-cap means for the wider financial market in the UK. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Agrees new USD40 million revolving credit facility with HSBC Holdings PLC on a four-year term ending May 2027, accompanied by a USD20 million accordion option. Newly agreed facility replaces accesso Technology's previous undrawn GBP18 million arrangement with Investec PLC and Ltd from March 2021, which was due to expire in March 2024. This facility has now been cancelled. Says HSBC facility is accompanied by a USD20 million accordion option, which it may utilise as it "pursues its strategic plan into the mid-term". Says Numis Corp PLC acted as its debt advisor to the transaction. Read More
Investec PLC - Sandton, Johannesburg-based financial services firm - Says Chief Strategy Officer Marc Kahn sells 74,322 shares for GBP4.4264 each, worth GBP328,978. Read More
(Alliance News) - Investec PLC and Ltd on Thursday reported a "strong" financial performance, though funds under management buckled under a challenging macroeconomic backdrop. Read More
Rathbones Group PLC - London-based investment and wealth management firm - Says funds under management and administration at the end of the first quarter of 2023 amounted to GBP60.9 billion, up 1.2% from GBP60.2 billion at the end of 2022. Underlying net operating income for the quarter fell by 2.2% to GBP117.8 million from GBP120.5 million. Read More
(Alliance News) - Melrose Industries PLC on Thursday said it has completed the demerger of the GKN Automotive, GKN Powder Metallurgy and GKN Hydrogen businesses from the company into Dowlais Group PLC. Read More
(Alliance News) - Stock prices in Europe were in the green on Tuesday around midday, after news that annual eurozone factory gate inflation cooled in February. Read More
(Alliance News) - Early signs suggest April could be a busy month on the M&A front, with sizeable deals struck in the property, wealth management, beauty and entertainment sectors so far this week. Read More
(Alliance News) - London share prices opened mostly higher on Monday, as investors came to terms with the Opec+ oil production cut and after Australia's central bank paused its interest rate hikes. Read More