Ninety One reports 11% pre-tax profit rise

Fund manager Ninety One, formerly Investec Asset Management, has reported full year pre-tax profits up by 11% to £198.5m but Assets Under Management down 7% to £103.4bn.

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Investec AM staff to own 20% of shares after IPO

Investec Asset Management is to float on the London and Johannesburg Stock Exchanges in March with staff set to own 20% of shares.

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