Investec PLC (INVP.L)
19 Jan 2018
Wed, Jan 3 2018
LONDON Britain's Royal Bank of Scotland (RBS) has sold offshore loans held by its Lombard Finance subsidiary to specialist lenders Investec and Shawbrook Bank, an Investec spokesman said on Wednesday.
* Sale process began in October (Adds Investec comment, updates sourcing)
Nov 15 Investec Plc said on Thursday operating profit rose 11.8 percent in the six months to Sept. 30, supported by its wealth unit even after the Anglo-South African financial services group flagged political uncertainty in its main market.
Nov 15 South Africa's Investec Plc reported an 11.8 percent rise in first-half operating profit on Thursday fuelled by strength at its top businesses. Investec, focused mainly on private banking and asset management, reported operating profit of 314.6 million pounds ($413.79 million) in the six months to September 30 up from 281.4 million.