St James's Place enjoys further net inflows in May and June
“We remain encouraged by the inflows we are continuing to experience and expect June gross inflows to be similar to May,” said chief executive Andrew Croft
Company
St James's Place PLC
LON:STJ
St. James's Place PLC is a financial services holding company with principal interests in the sale and marketing of wealth management products and services. The principal activity of the Company is the transaction of long-term insurance and investment business.
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FTSE 100 closes in positive territory as traders welcome UK lockdown easing
Britain's top share index closed up 75.5 points, or 1.21%, at 6,320
St. James’s Place, Cranswick and PMI data trot out on Tuesday
There are also results from Gear4Music, Naked Wines and Scapa Group
St. James's Place gets FUM up from markets and inflows
“Following record first quarter new business, we have naturally seen a reduction in new investments as the COVID-19 crisis developed,” said chief executive Andrew Croft
St. James's Place in dividend U-turn as inflows slow
In February, St James announced it was raising its final dividend by 5%.
St James Place's inflows slow after turbulent year
Gross inflows fell to £15.1bn from £15.7bn in 2019, with total new inflows 13% lower at £9bn,
St James’s Place optimistic for 2020 as quarterly fund inflows recover
“Although uncertainties remain for the UK, the Parliamentary majority following the general election in December provides for longer-term political stability”
St James's Place hit by Deutsche downgrade, M&G seen as better value
Analysts still believe that over the next five years, SJP “can deliver circa twice the market growth rate, thanks to strong adviser growth and controlled outflows”
St James Place's funds under management rise to new record
The amount managed by St James Place has risen by 18% so far this year.
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
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Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
Investments and investor services
FTSE 100 closes in positive territory, boosted by better-than-expected US March jobs figures as Brexit uncertainty continues
Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
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Lloyds and other ex-dividends to knock 11 points off FTSE 100 on quiet Thursday in the City
Away from the ex-divs, Saga, Electrocomponents and EntertainmentOne are all due to come to the market with trading updates or results
St James's Place shares fall as net inflows slow in 'challenging' year for markets
Chief executive Andrew Croft said markets posted a strong first month in 2019 following a downturn in late 2018
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
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ITV finals take spotlight for ‘hump day’ results
Shareholders in the blue-chip broadcaster may be approaching the results with some trepidation after it expected a softer fourth quarter in a November update
St James's Place sees funds under management drop by £5bn, but net inflows hit quarterly record
The blue-chip wealth manager said its total assets were £95.5bn as at 31 December 2018, down from £100.59bn at the end of September
Investments and investor services
FTSE 10O closes in red after ECB meet; Vodafone top laggard
The UK's premier stock index finished down nearly 24 points at 6,818
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Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
St. James’s Place knocked to ‘neutral’ by Credit Suisse as market volatility expected to slow asset growth
Analysts said they believed the insurer’s current stock price was “close to fair value” given the challenging asset gathering environment as it had benefitted from the UK’s pensions freedom legislation