News Formal

Investec’s UK business boosts profits

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Earnings in the year to end-March grew 5.8%, with the combined UK and other businesses contributing a 36.1% increase

Investec says earnings rose 5.8% in the year to end-March, thanks in part to gains made by its UK business.

The specialist banking unit was boosted by loan book growth, though a reduction in impairments was partly offset by a weak performance from the investment portfolio, it said. The combined SA businesses reported adjusted operating profit growth of just 1.8% in rand terms, while the combined UK and other businesses contributed a 36.1% increase in adjusted operating profit in pounds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Clouds over Tata Steel UK plant after merger collapseThe future of Tata Steel's main European operations faced fresh uncertainty after German industrial conglomerate Thyssenkrupp scrapped merger plans.
Source: eNCA - 🏆 49. / 51 Read more »