Q4 results round-up: Investec warns of hit to annual profit from 'challenging' conditions

Reviewing the last quarter's financial records

As groups report on their progress last year, Investment Week looks at the trading updates for asset managers and investment platforms for the period ending 31 December 2019.

Investec Investec has warned it expects to report its adjusted operating profit 7% to 14% behind the £732m reported in its full-year 2019 results amid "challenging market conditions". In a pre-close trading update ahead of its full-year results for the 12 months ending 31 March 2020, the group, including its asset management business, warned that its fourth quarter operating performance would be negatively impacted by the effects of the coronavirus on global markets. The group said adjusted earnings per share for the full-year 2020 would be 16% to 23% behind the prior year's 60.9p, ...