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Investec Plc’s third-party FUM for the five months to 31 August 2020 increase by 14.1%

1 min read | September 18, 2020 11:00 AM BST | By Team Kalkine Media
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Investec Plc (LON:INVP) has released its pre-close trading update for the six months ending 30 September 2020.

  • The first half of the year remained muted for the company due to the pandemic and has seen lower average interest rates, reduced client activity.
  • Operating income of the company remained under pressure, given the operating environment, though Operating costs reduced against 1H2020 as management increased focus on controllable costs.
  • The third-party FUM of the company over the five months to 31 August 2020, increased by 14.1 per cent to £51.4 billion.

On 18 September 2020, at the time of writing, GMT 10:37 AM, INVP shares were trading at GBX 135.30, down by 3.05 points or 2.21% against the previous day closing

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