Investec

Ticker INVP

Today's data summary

Market open
% change
-0.15%
Price Pence
548.40
Change
-0.80
As of 15:03 25 Sep 2018
Market cap. Pound sterling
3,731.58 million
As of 15:03 25 Sep 2018

Latest updates

Investec shares soar on spin-off

Investec logo
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Investec shares have jumped 12%.

The company, which sponsors club rugby in the southern hemisphere, has announced plans to hive off and list its asset management unit.

The Anglo-South African investment bank said "it is now appropriate to demerge and publicly list" the business.

Investec's remaining company will be made up of its specialist banking and wealth & investment businesses.