Straits Times Index
3,141.34 +3.80 (+0.12%) Nikkei
27,049.47 +178.20 (+0.66%) Hang Seng
22,418.97 +189.45 (+0.85%) FTSE 100
7,330.74 +72.42 (+1.00%) BTC-USD
20,868.54 -507.99 (-2.38%) CMC Crypto 200
455.15 -6.65 (-1.44%)
Investec Group (IVTJY)
- Financial Times
West End landlords Shaftesbury and Capco agree £5bn merger
Capital & Counties, owner of Covent Garden, and Shaftesbury, which has a portfolio covering parts of Soho, Chinatown and Carnaby Street, announced agreed terms for an all-share merger on Thursday morning. The deal will be subject to shareholder approval, and the companies are likely to face some pushback, with two Shaftesbury investors — Royal London Asset Management and Investec — having already questioned whether a merger is in their best interests. The fund, which holds 25 per cent of Shaftesbury shares and 15 per cent of Capco shares, has long been supportive of a merger, according to the companies.
- Reuters
Investec to distribute 15% NinetyOne stake to shareholders
JOHANNESBURG (Reuters) -South Africa's Investec said on Thursday it would distribute a 15% stake in asset manager NinetyOne to shareholders, as it also reported a more than two-fold rise in half-year profit. The financial services group spun off its asset management business and listed it as NinetyOne in London in 2020, but abandoned a plan to sell a 10% stake in the company as the COVID-19 pandemic roiled stock markets. It holds a 25% stake in the company.
