Investec profits surge 11% following Rathbones merger

In its results today (16 November), the firm said that adjusted operating profits had jumped to £441m, up from £397m in September 2022. Rathbones flows fall flat as Investec W&I merger completes This has largely come from a surge in profits from its UK arm, Investec plc, which saw a 41.4% jump in profits, now comprising a majority of the firm's income. Meanwhile, Investec Limited, the firm's Southern African arm, saw profits fall 10.7%, from £230m to £206m. This was partially due to trends in its specialist banking division, where its Southern African arm saw profits fall 3% to ...