Investec slips as market tracks FY2027 spending plans
Investec plc fell on Tuesday, moving behind the FTSE 250. Some traders cashed out following a strong run. The stock was down 1.17% at 633.5p, with 2.37 million shares traded as of 15:47 BST, Investors Chronicle reported late. Hargreaves Lansdown showed the FTSE 250 off by 0.08%. Investec has rallied from 618p on June 9 to a peak of 641p by June 15. There wasn’t any major earnings news out; Tuesday’s drop looked like profit-taking. Investec shares rose after the Extel 2026 UK Small & Mid-Cap Brokers Rankings out Tuesday put the firm at No. 1 for a fourth straight year. Analyst Julian Yates kept his spot as overall No. 1 for a third year. “High-quality and differentiated research continues