|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.61 - 5.61|
|52-week range||4.59 - 6.15|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||5.50|
|Forward dividend & yield||0.38 (6.81%)|
|Ex-dividend date||17 Aug 2023|
|1y target est||N/A|
The investment bank Investec is to tell its staff to return to the office for four days a week as the Square Mile turns against home working.
LONDON (Reuters) -British asset manager Rathbones said on Tuesday it had agreed to acquire the UK wealth business of Investec in an all-share deal that values the unit at 839 million pounds ($1.04 billion). Rathbones CEO Paul Stockton said the sector was "ripe for consolidation", adding that recent volatility in the wider financial sector - including the failure of some U.S. regional lenders and the emergency rescue of giant wealth manager Credit Suisse - could present opportunities. "There's inevitably been a little bit of a flight to quality in some areas in the UK," Stockton said on a media call, adding the movements had not been material for either business so far.