Investec said it has "immaterial exposure" to South African retail giant Steinhoff International, which caused alarm for its lenders after its shares fell 80% last week, though though some derivatives exposure could put a dent in profits.
Investec posted a rise in operating profit for the first half on Thursday thanks to a solid performance form its asset management and wealth & investment businesses.
FTSE 250 financial services company Investec said on Friday that its operating profit for the half year is expected to be "comfortably ahead" of the previous year, with revenue also seen ahead despite uncertainty in its key operating geographies.
Investec reported a 18.5% increase in full-year statutory operating profits to £599.1m which drove a 6.3% rise in statutory earnings per share to 48.3p.
Shares in London ended Friday with a whimper, although both the FTSE 100 and 250 closed out the first quarter of 2017 higher than end the year that was 2016.
Shares in South African insurer Old Mutual dived after the country's president, Jacob Zuma, fired Finance Minister Pravin Gordhan in a midnight cabinet reshuffle last night, sending the rand and government bonds tumbling.
FTSE 250 wealth manager Investec said on Tuesday that it expects operating profit for the year to be "comfortably ahead" and revenue "well ahead" of the previous year.
Higher food and fuel prices drove inflation to a three-year zenith of 2% in January, up from 1.6% in December, with more increases coming as the year progresses. Figures from the Office for National Statistics are expected to confirm the jump in inflation this week, the Sunday Telegraph said, while price hies from energy companies and shortages of vegetables accelerating the rise in coming months.
Investec´s finance chief and risk director Glynn Burger sold a big slice of shares in the specialist bank and asset manager which he helps to run.
FTSE 250 banking and asset management group Investec said on Friday that it expects revenue for the first half to be ahead of the previous year, but operating profit will be down.
Investec: UBS reiterates buy with a target price of 550p.
Investec plc announced on Thursday morning its intention to place up to 30.87 million new ordinary shares in the company, representing 4.99% of its current issued share capital and 3.4% of Investec plc and Investec Ltd's current issued share capital.
Full year results from Investec showed the Anglo-South African bank increased profits as it makes progress with its rejigged model despite the turbulence in its markets.
Dual-listed bank and asset manager Investec said on Friday that its results have been hit by the slump in the South African rand and equity market volatility, but operating profit will be a touch ahead of the previous year.
The FTSE 250 was in the green by mid-afternoon on Thursday, clawing back some gains from the week-to-date of losses, up 66.43 points (0.42%) to 16,058.85.
Ratings agency Moody's has upgraded by one notch the long-term ratings of Investec.
The FTSE 250 was set to end the week on a high, with the second tier market up 226.12 points (1.40%) to 16,422.67 by mid-afternoon on Friday.
The FTSE 250 was up on the back of Wednesday night's rate hike from the Federal Reserve, up 122.43 points (0.72%) to 17,198.37 by mid-afternoon Thursday.
The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52.
With only two weeks to Christmas, the FTSE 250 wasn't feeling very festive on Friday after it fell 159.12 point (0.93%) to 16,921.13 by mid-afternoon.