- Investec's overall results increased in the three months to the end of June but were impacted by a 22% depreciation of the rand against sterling.

Wealth & Investment reported strong growth in operating profit. Asset Management reported operating profit marginally ahead of the prior year. Both divisions benefited from higher levels of average funds under management and combined net inflows of £3.6bn. The Specialist Banking business reported a solid increase in operating profit with both the South African and UK businesses showing an improved performance.

Total operating income (excluding depreciation on operating leased assets) is 1% ahead of the prior year. An increase of 11% on a currency neutral basis.

At 9:58am: [LON:INVP] Investec PLC share price was -18.5p at 500.5p

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