Investec Wealth & Investments (W&I) operating profits decreased in the first half of its 2023 financial year.
In the six months to 30 September 2022, Investec W&I’s UK ‘and other’ adjusted operating profits fell 7.9 percent year-on-year from £43.7 million to £40.3 million.
The firm said this reflects the volatile and uncertain operating environment.
Revenues were broadly flat, increasing by 0.2 percent from £169.6 million to £169.9 million.<...
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