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Investec ShareCast News (INVP)
ShareCast News for Investec (INVP)
| Share Price: 506.00 | Bid: 506.00 | Ask: 506.50 | Change: 0.00 (0.00%) |  | ||||||
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FTSE 100 movers: Investec remains cautious
Thu, 16th Sep 2010 13:36
Fallers dominate the Footsie today.
Investment bank and fund manager Investec expects half year operating profit to be marginally higher than the year before as growth in its fund management business outweighed weaker demand for loans. Loan write-downs remain relatively high. Investec says that the slow pace of economic recovery has caused a delay in the improvement of the level of non-performing loans while defaults continue to rise.
Interdealer broker ICAP continues to decline after yesterday's downgrading by UBS from buy to neutral.
Morgan Stanley has downgraded BT from overweight to equalweight. A new five-year IT services contract with Debenhams was not enough to stop the share price retreating.
Kingfisher is higher after interim profits from the DIY retailer were at the top end of the range of expectations. The B&Q owner said adjusted pre-tax profit for the 26 weeks ended July 2010 rose 23% to £354m, which was above the median forecast of £342m.
Chief executive Ian Cheshire warned that the immediate outlook for consumer spending is 'fragile'. That was confirmed by an unexpected fall in retail sales in August. Sales excluding cars and petrol fell by 0.5% on the month.
Goldman Sachs has raised its recommendation for Cable & Wireless Worldwide from neutral to buy. This follows the telecoms company's £82m contract with a government department.
FTSE 100 - Risers
Eurasian Natural Resources (ENRC) 901.50p +4.10%
Cable & Wireless Worldwide (CW.) 77.00p +3.77%
BP (BP.) 412.60p +2.10%
African Barrick Gold (ABG) 609.50p +1.92%
TUI Travel (TT.) 224.50p +1.58%
Kingfisher (KGF) 221.90p +1.37%
Royal Dutch Shell 'B' (RDSB) 1,828.50p +1.16%
Royal Dutch Shell 'A' (RDSA) 1,881.50p +1.10%
Randgold Resources (RRS) 6,305.00p +0.96%
Pearson (PSON) 1,010.00p +0.90%
FTSE 100 - Fallers
ICAP (IAP) 437.90p -3.69%
BT Group (BT.A) 139.50p -3.39%
Investec (INVP) 494.90p -2.96%
BAE Systems (BA.) 332.50p -2.44%
Wolseley (WOS) 1,403.00p -2.16%
Old Mutual (OML) 136.50p -1.94%
Compass Group (CPG) 535.50p -1.74%
Vodafone Group (VOD) 158.45p -1.61%
Cobham (COB) 232.70p -1.52%
Rolls-Royce Group (RR.) 576.00p -1.45%
Investment bank and fund manager Investec expects half year operating profit to be marginally higher than the year before as growth in its fund management business outweighed weaker demand for loans. Loan write-downs remain relatively high. Investec says that the slow pace of economic recovery has caused a delay in the improvement of the level of non-performing loans while defaults continue to rise.
Interdealer broker ICAP continues to decline after yesterday's downgrading by UBS from buy to neutral.
Morgan Stanley has downgraded BT from overweight to equalweight. A new five-year IT services contract with Debenhams was not enough to stop the share price retreating.
Kingfisher is higher after interim profits from the DIY retailer were at the top end of the range of expectations. The B&Q owner said adjusted pre-tax profit for the 26 weeks ended July 2010 rose 23% to £354m, which was above the median forecast of £342m.
Chief executive Ian Cheshire warned that the immediate outlook for consumer spending is 'fragile'. That was confirmed by an unexpected fall in retail sales in August. Sales excluding cars and petrol fell by 0.5% on the month.
Goldman Sachs has raised its recommendation for Cable & Wireless Worldwide from neutral to buy. This follows the telecoms company's £82m contract with a government department.
FTSE 100 - Risers
Eurasian Natural Resources (ENRC) 901.50p +4.10%
Cable & Wireless Worldwide (CW.) 77.00p +3.77%
BP (BP.) 412.60p +2.10%
African Barrick Gold (ABG) 609.50p +1.92%
TUI Travel (TT.) 224.50p +1.58%
Kingfisher (KGF) 221.90p +1.37%
Royal Dutch Shell 'B' (RDSB) 1,828.50p +1.16%
Royal Dutch Shell 'A' (RDSA) 1,881.50p +1.10%
Randgold Resources (RRS) 6,305.00p +0.96%
Pearson (PSON) 1,010.00p +0.90%
FTSE 100 - Fallers
ICAP (IAP) 437.90p -3.69%
BT Group (BT.A) 139.50p -3.39%
Investec (INVP) 494.90p -2.96%
BAE Systems (BA.) 332.50p -2.44%
Wolseley (WOS) 1,403.00p -2.16%
Old Mutual (OML) 136.50p -1.94%
Compass Group (CPG) 535.50p -1.74%
Vodafone Group (VOD) 158.45p -1.61%
Cobham (COB) 232.70p -1.52%
Rolls-Royce Group (RR.) 576.00p -1.45%
Tuesday broker round-up UPDATE
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating.[12 Feb '13]
Investec posts rise in operating costs
Investec, the FTSE 250 Anglo-South African banking group, said Thursday that operating costs rose by four per cent in the nine months ended December 31st, compared to the same period the previous year.[31 Jan '13]
London close: Markets at five-year high after US earnings
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US.[29 Jan '13]
FTSE 250 movers: Investec given boost by Morgan Stanley upgrade
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight.[29 Jan '13]
Tuesday broker round-up UPDATE
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged.[29 Jan '13]
Former Guinness Peat Chairman trims his stake...again
A round-up of the biggest director buys today so far.[19 Dec '12]
SABMiller CFO takes advantage of recent gains
A round-up of the biggest director buys today so far.[23 Nov '12]
Investec delivers rise in half year profits
Shares in Anglo-South African banking group, Investec, got a boost on Thursday after the company announced that pre-tax profits climbed 2.6 per cent.[15 Nov '12]
