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Reuters - 5 days ago

South African rand extends gains after U.S. inflation data

UPDATE 1-South African rand extends gains after U.S. inflation data Updates prices to reflect afternoon trade JOHANNESBURG, July 11 (Reuters) - The South African rand extended its gains on Thursday after U.S. inflation unexpectedly fell last month, fuelling bets that the Federal Reserve may cut interest rates in September. At 1521 GMT, the rand traded at 18.0050 against the dollar ZAR=D3 , 0.6% stronger than its previous close.
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Reuters - 6 days ago

Increasing regulatory risks could impact India's BSE earnings, Investec says

BUZZ-Increasing regulatory risks could impact India's BSE earnings, Investec says ** Increasing regulatory risks could impact BSE's BSEL.NS earnings multiples, Investec says ** Media reports say that SEBI working committee has proposed measures to curb derivatives volume , restrict weekly expiry among other things ** Investec says regulatory measur
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Reuters - 1 week ago

UK's Vistry gains on upbeat HY profit outlook

BUZZ-UK's Vistry gains on upbeat HY profit outlook ** Shares of Vistry VTYV.L rise as much as 2.8% to 1,329p, stock among top pct gainers on FTSE 100 .FTSE index ** The British housebuilder sees HY profit rising by about 7% to 186 mln pounds ($238.2 million), buoyed by resilient demand for its affordable homes from housing associations and the rent
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Reuters - 2 weeks ago

Indian gas companies up on renewed global LNG recovery, says Investec

BUZZ-Indian gas companies up on renewed global LNG recovery, says Investec ** Shares of Petronet LNG PLNG.NS , Gail GAIL.NS , Gujarat State Petronet GSPT.NS Gujarat Gas GGAS.NS up between 1.7% to 2% ** Global LNG market set for a 40% surge in supply capacity, representing fastest capacity growth in recent years, said analysts at Investec Equities *
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Reuters - 4 weeks ago

India's Wipro up after new contracts, Investec upgrade

BUZZ-India's Wipro up after new contracts, Investec upgrade ** Shares of Indian IT firm Wipro WIPR.NS rise as much as 3.2% at 492.60 rupees, highest since March 21, 2024 ** WIPR, last up 2.6%, among top pct gainers on benchmark Nifty 50 .NSEI , which is up 0.3% after a record start .BO ** IT stocks .NIFTYIT up 0.8% ** WIPR said it extended its cont
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Reuters - 2 months ago

India's Tata Steel drops on Q4 profit fall

BUZZ-India's Tata Steel drops on Q4 profit fall ** Shares of Tata Steel TISC.NS down 3.6% to 167.8 rupees, on track for biggest one-day pct drop since mid-March ** Co reported a 64% plunge in Q4 profit on lower steel prices and impairment charges ** Investec and Axis Capital cut their rating on stock post-results, as per LSEG data ** Analysts' avg
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Reuters - 2 months ago

Indian benchmarks at record highs led by financials; volatility climbs

BUZZ-Indian benchmarks at record highs led by financials; volatility climbs ** India's blue-chip indexes NSE Nifty 50 .NSEI and S&P Sensex .BSESN up 0.5% to all-time highs ** Nine of 13 major sectoral indexes gain, up between 0.3% and 1.3% ** Financial stocks .NIFTYFIN up 1.1%, their third straight session of gains, powered by a 0.6% rise in HDFC B
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Reuters - 2 months ago

India's Glenmark Pharma near 9-yr high; debt reduction key re-rating trigger, says Investec

BUZZ-India's Glenmark Pharma near 9-yr high; debt reduction key re-rating trigger, says Investec ** Shares of India's Glenmark Pharmaceuticals GLEN.NS jump as much as 8.5% to 1,123.90 rupees, their highest levels since Sept. 2015 ** Drugmaker posts Q4 loss but gross debt fell 77% y/y as of FY24-end ** Debt trimming a key re-rating driver, Investec
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Reuters - 2 months ago

India's BSE closes higher as Investec sees stable earnings

BUZZ-India's BSE closes higher as Investec sees stable earnings ** Shares of Indian bourse operator BSE BSEL.NS end 4.3% higher after rising 5.6% earlier in session ** Brokerage Investec says market share tailwinds and margin triggers to offer stability to co's earnings ** Adds that positive regulatory developments should bolster co's profitability in FY25 ** Brokerage rates BSEL "buy"; avg.
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Reuters - 2 months ago

Investec Proposed Final Dividend Of 19.0P Per Share

BRIEF-Investec Proposed Final Dividend Of 19.0P Per Share May 23 (Reuters) - Investec PLC INVP.L : PROPOSED A FINAL DIVIDEND OF 19.0P PER SHARE RATHBONES COMBINATION RESULTED IN A REDUCTION OF C.100 BPS IN ROE REVISE OUR POST RATHBONES COMBINATION ROE TARGETS BY 200BPS SOUTHERN AFRICA TARGETS ROE/ROTE OF 16% - 20% IN MEDIUM TERM DIVIDEND PAYOUT POL
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Reuters - 2 months ago

Lender Investec raises targets after improved performance

CORRECTED-UPDATE 2-Lender Investec raises targets after improved performance Corrects cost-to-income ration target to reflect group target of 63% not 55% for South Africa in paragraph 3 By Nqobile Dludla JOHANNESBURG, May 23 (Reuters) - South African lender Investec INLJ.J has raised its medium-term targets, including return on equity and dividend ratio, thanks to structural improvement in group performance, it said on Thursday after reporting a 9.1% rise in full-year profit.
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Reuters - 2 months ago

South African Markets - Factors to watch on May 23

South African Markets - Factors to watch on May 23 JOHANNESBURG, May 23 (Reuters) - The following scheduled economic event, company announcements, equity and currency market moves may affect South African markets on Thursday. ECONOMIC EVENTS South Africa's statistics agency to release General Household Survey 2023. COMPANIES South African gaming, hotels and entertainment group Tsogo Sun TSGJ.J posted a 2% fall in full-year adjusted core profit.
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Reuters - 2 months ago

S.African lender Investec posts 9.1% rise in full-year profit

S.African lender Investec posts 9.1% rise in full-year profit JOHANNESBURG, May 23 (Reuters) - South African lender Investec INLJ.J on Thursday reported full-year profit up 9.1%, buoyed by growth in lending books and higher average interest rates. The bank, which also operates in the UK INVP.L , reported headline earnings per share of 72.9 pence for the year to March 31 from 66.8 pence and a final dividend of 19 pence per share.
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Reuters - 2 months ago

Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead May 17 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 20-May-2024 AMC BYG.L Big Yellow Group PLC Full Year 2023 Big Yellow Group PLC Earnings Release 20-May-2024 BMO RYA.I Ryanair Holdings PLC Full Year 2024 Ryanair Holdings PLC Earnings Release 21-May-2024 NTS GASI.MI Assicurazioni Generali SpA Q1 2024 Assicurazioni Ge
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Reuters - 2 months ago

BoE edges towards a first rate cut, sterling falls

INSTANT VIEW -BoE edges towards a first rate cut, sterling falls Adds comment; refreshes prices at 1146 GMT LONDON, May 9 (Reuters) - The Bank of England on Thursday took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things are moving in the right direction".
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Reuters - 2 months ago

BoE moves closer to a first rate cut, sterling falls

INSTANT VIEW -BoE moves closer to a first rate cut, sterling falls Updates with latest comments LONDON, May 9 (Reuters) - The Bank of England on Thursday took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things are moving in the right direction". The BoE said on its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25%.
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Reuters - 2 months ago

Rathbones reports Q1 rising funds under management despite net outflows

UPDATE 1-Rathbones reports Q1 rising funds under management despite net outflows Adds details on underlying net income growth LONDON, May 9 (Reuters) - Rathbones Group RAT.L reported on Thursday a 2.1% rise in funds under management and administration to 107.6 billion pounds ($134 billion) in its first quarter, despite net outflows of 600 million pounds in its newly-acquired Investec Wealth & Investment unit.
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Reuters - 2 months ago

Australia's Hysata raises $111 million in second funding round

UPDATE 1-Australia's Hysata raises $111 million in second funding round Adds details in paragraphs 2 to 6 May 9 (Reuters) - Australian green hydrogen electrolyser firm Hysata said on Thursday that it has raised a total of $111 million in funding led by British oil giant bp's investment arm BP.L and Hong Kong asset management firm Templewater. An investment of $10 million each has been made by bp Ventures and Templewater in the second round of funding, Hysata said in an exchange filing.
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Reuters - 2 months ago

South African rand slips on expected US rate cut delay

UPDATE 1-South African rand slips on expected US rate cut delay Updates prices to afternoon trade, adds analysts' comments JOHANNESBURG, May 8 (Reuters) - South Africa's rand weakened against the dollar on Wednesday on the view that the U.S. will delay cutting interest rates, with investors on edge ahead of the upcoming elections. At 1510 GMT , the rand traded at 18.6 150 per dollar ZAR=D3 , around 0 .6% below its previous close.
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Reuters - 2 months ago

India's Marico jumps on upbeat revenue forecast

BUZZ-India's Marico jumps on upbeat revenue forecast ** Shares of consumer products maker Marico MRCO.NS up as much as 9.8% to 582.45 rupees; last up 9.2% ** MRCO is the top gainer on the Nifty FMCG index, which is up 2.3% ** Co on Monday said it expects revenue growth to outpace its volume growth in FY25, adding that it would aggressively scale up
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