Half Year Results 

Investec poised to de-merge

Investec poised to de-merge

With its share price hovering at multi-year lows, the market was not expecting Investec (INVP) to show much improvement in its interim results. Despite a decent outing from the specialist banking arm, and a rise in assets under management, deposits and loans, the sprawling financial services business again underwhelmed, as lower UK investment bank fees and currency translation effects conspired to hit adjusted earnings per share by 4.1 per cent.

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