WATCH: Investec annual earnings surpass £1bn

Investec’s preprovision adjusted operating profit for the year to end-March grew 7.8% to £1.04bn, surpassing £1bn for the first time. Revenue edged 5% higher, supported by client acquisition and entrenchment strategies and strong net inflows in discretionary and annuity funds under management. Business Day TV discusses the performance with group finance director Nishlan Samujh.