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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 5 sources · 3 days · First seen · Last updated
Investec financial performance and share disclosures
Overview
Investec, the dual-listed Anglo-South African bank, has issued financial forecasts and disclosed recent share acquisitions.
The bank projects a modest rise in adjusted earnings per share of between 3% and 7%. This growth is expected to be driven by its Southern African wealth management business, which has seen funds under management increase by nearly 14% since March. This performance is intended to offset a projected 2% to 6% decline in operating profit within its UK business, which faces challenges from falling interest rates and increased pricing competition.
Separately, the group disclosed share acquisitions conducted under its 2021 Share Incentive Plans to meet obligations to participants. These transactions included the acquisition of 650 shares for Investec plc and a total of 400,000 shares for Investec Limited across two transactions in mid-September 2026.
Entities
Timeline
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1 day ago
[BUSINESS] 3 sourcesInvestec discloses share acquisitions under 2021 incentive plansInvestec plc and Investec Limited disclosed share acquisitions totaling millions of ZAR and several thousand GBP to satisfy 2021 Share Incentive Plan obligations.
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4 days ago
[BUSINESS] 2 sourcesInvestec forecasts earnings growth as South Africa offsets UK declineInvestec forecasts a 3% to 7% rise in adjusted earnings per share, as strong growth in its South African wealth business offsets a projected 2% to 6% decline in UK operating profits.
Sources
africazine.com · finanzen.at · marketwire.com · nsx.com.na · proactiveinvestors.co.uk