Investec

Investec has reached an agreement with Evolution to purchase the Williams de Broe owner in a deal worth £233m.

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Investec has launched an African bond fund for co-heads of fixed income John Stopford and South Africa-based Andre Roux.

Investec's Mark Lacey and Jonathan Waghorn have said energy equities in the E&P sector are showing "extreme value" as shares discount M&A prospects and price in a global recession.

Investec's co-head of credit Theo Stamos has left the firm and handed over his responsibilities to other managers.

Banks added to market woes last week with the UK's major players reporting a raft of losses prompted by PPI claims and the European debt crisis.

Banking and asset management giant Investec has confirmed it has made an offer for Williams de Broe owner Evolution Group.

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