Investec Share News (INVP)

TOP NEWS: Rathbone agrees to merge with Investec UK wealth arm

(Alliance News) - Investec PLC and Ltd Rathbones Group PLC on Tuesday said they have agreed an all-share merger of Rathbones with Investec Wealth & Investment Ltd to create one of UK's leading wealth manager.

LONDON BRIEFING: Rathbone to merge with Investec's UK wealth arm

(Alliance News) - Stocks in London were called to open higher on Tuesday, after the Reserve Bank of Australia decided to pause interest rate hikes, while Rathbones and Investec agreed a combination to create a UK wealth manager with GBP100 billion in assets.

Rathbones, Investec's UK wealth arm to merge in deal valued at 839 mln stg

LONDON, April 4 (Reuters) - Rathbones said on Tuesday it had agreed to merge with the UK wealth business of Investec in an all-share deal valuing the latter's business at 839 million pounds ($1.04 billion).

Investec wealth arm to merge with Rathbones in £839m deal

(Sharecast News) - The UK wealth business of Investec and Rathbones have agreed to merge in an £839m all-share deal, the two companies said on Tuesday.

IN BRIEF: Ediston Property Investment seeks merger with another REIT

Ediston Property Investment Co PLC - real estate investment trust focused on UK commercial property - Hires Investec Bank PLC to lead a strategic review, saying its preference is to merge with "one or more" fellow REITs. Says however will consider all options to maximise value to shareholders, including selling the company or its property portfolio. Says the company's "modest" size at present deters some potential investors. "The board has concluded that it is unlikely to be able to raise new capital in the short or medium term," it says. "This is particularly disappointing given the opportunities which the board and manager anticipate may arise to acquire properties that could substantially enhance returns to shareholders over the medium term." The REIT, launched in 2014, is managed by Ediston Properties Ltd.

Investec experiencing strong performance despite "complex" backdrop

(Alliance News) - Investec PLC and Ltd on Thursday hailed a "strong" performance, notwithstanding the "complex macroeconomic backdrop" in its current financial year.

Investec sees jump in FY profits, boosted by rising interest rates

(Sharecast News) - Investec said on Thursday that it expects to report a jump in full-year operating profit as it benefits from continued client acquisition, rising global interest rates and higher average advances.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Investec Chief Risk Officer Mark Currie sells 100,000 shares

Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Says Investec Ltd Chief Risk Officer Mark Currie sells 100,000 shares in the group at ZAR108.63 a piece, worth ZAR10.9 million, in a transaction dated Monday.

IN BRIEF: Investec company secretary Niki van Wyk sells shares

Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd company secretary Niki van Wyk sells 6,358 shares at an average ZAR108.69 each, worth ZAR691,051.02, on Friday.

IN BRIEF: Investec Ltd acquires 1.9 million more Investec PLC shares

Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd buys 1.9 million SHARES at an average ZAR106.41 each, worth ZAR202.2 million, in Investec PLC between December 19 and Friday last week. Since October 3, the company has purchased 11.7 million Investec PLC shares at a cost of ZAR1.13 billion.

LONDON BROKER RATINGS: Citigroup cuts LondonMetric to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

IN BRIEF: Investec Ltd buys 1.7 million further shares in Investec PLC

Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd buys 1.7 million at an average ZAR102.06 each, worth ZAR174.6 million, in Investec PLC throughout last week. The company intends to treat these shares as if they were treasury shares in the consolidated annual financial statements of the Investec Group. Since October 3, Investec Ltd has purchased 8.1 million shares at a cost of ZAR756.8 million.

IN BRIEF: Investec Ltd buys more shares in Investec PLC

Investec PLC and Ltd - Sandton, Johannesburg-based financial services firm - Investec Ltd buys 1.6 million shares in Investec PLC at an average ZAR101.62 each, worth around ZAR161.0 million. Intends to treat the shares as if they were treasury shares in the consolidated annual financial statements of the Investec Group. Since October 3, the company has purchased 8.1 million shares at a cost of ZAR756.8 million.

TRADING UPDATES: MaxCyte in deal; Angus to resume Saltfleetby drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: