Investec PLC (INVP.L)
23 Jan 2017
JOHANNESBURG, Nov 17 Investec is looking to build its Irish wealth management business via acquisitions, its chief executive said on Thursday, as the Anglo-South African financial services group reported higher first-half profit.
* Group is comfortable with its common equity tier 1 ratio target at a 10% level
* Each of Natal Global and Zion Sky agreed to purchase 50% of all preference shares held by Investec
* For six months, Investec Plc and Investec Limited capital ratios are expected to be within group's target total capital adequacy range
* H1 revenue (net of depreciation on operating leased assets) is expected to be ahead of prior year