Investec struggles in challenging market conditions

Anglo-South African banking group, Investec, saw a disappointing performance from its wealth and specialist banking divisions last year.

Anglo-South African banking group, Investec, saw a disappointing performance from its wealth and specialist banking divisions last year.

Profits before tax in the 12 months to the end of March came in at £358.6m, a drop of 17.4% over the previous financial year. The consensus (median) forecasts among investment analysts following the stock had been for profit before tax of £442.8m.

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