St James's Place Q1 gross inflows up 16%
26th Apr 2016 07:01
(ShareCast News) - Wealth manager St James's Place said first quarter gross inflow of funds under management increased by 16% to £2.45bn from £2.11bn. Net inflows grew to £1.36bn from £1.32bn bringing group funds under management £62bn compared with £55.8bn a year ago. "Against a backdrop of contin
Read moreSector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreFTSE 100 movers: Budget takes wealth managers, house builders higher
16th Mar 2016 14:54
(ShareCast News) - The FTSE 100 was higher in afternoon trading on Wednesday, as investors digested the Chancellor's lunchtime Budget statement. Wealth manager St James's Place led the risers, after Chancellor of the Exchequer George Osborne set out measures in the Budget to boost home ownership and
Read moreSector movers: Financials pace gains, led by Aviva
11th Mar 2016 18:44
(ShareCast News) - Financials led gains at the end of the week in a delayed reaction to the barrage of easing measures unleashed by the European Central Bank in the previous session. On 10 March, the ECB ramped up its policy stimulus, which appeared to be crafted so as to stoke lending to the real e
Read moreFTSE 100 movers: Miners gain but HSBC slumps on Bernstein note
29th Feb 2016 13:47
(ShareCast News) - London's FTSE 100 index was down 0.3% to 6,075.39 at 1525 GMT, as investors weighed up disappointment that the G20 meeting did not yield a coordinated stimulus effort against the People's Bank of China's move to cut the reserve requirement ratio. HSBC was in the red after Bernstei
Read moreSt. James's Place's profit drops despite positive results
25th Feb 2016 08:25
(ShareCast News) - Despite a mostly positive set of results, St. James's Place's profit before tax has dropped 17.3%. The FTSE 100 wealth management company said that for the year to 31 December 2015, operating profit on a European embedded value basis was up from £596.4m to £660.2m. The company's
Read moreAnalysts upbeat on Hargreaves Lansdown's outlook, but valuation seen as generous
3rd Feb 2016 13:43
(ShareCast News) - Analysts appeared to remain generally upbeat on the prospects for Hargreaves Lansdown despite the small 'miss' by the financial products supermarket on its first half profits when compared with market expectations. For analysts at Nomura, the Bristol-based firm continued to be wel
Read moreSt James's Place bucks market trend with net inflows up 14%
21st Jan 2016 07:51
(ShareCast News) - Wealth fund manager St James's Place bucked the trend of market volatility reporting a 14% rise in net inflows to £5.09bn.Retention of client funds was 95% and funds under management were up 13% for the year to £58.6bn. Gross inflows were up 17% at £9.24bn for the full year, boost
Read moreBroker tips: BAE Systems, UK life assurers, Big Yellow
11th Jan 2016 13:19
(ShareCast News) - JP Morgan Cazenove believes 2016 will be a big year for defence stocks and has upgraded BAE Systems from 'neutral' to 'overweight'. The investment bank on Monday cited a major escalation in geo-political tensions as a reason why it will be a good year for the sector, as well as it
Read moreDeutsche Bank reviews UK life assurers; notes uncertain outlook
11th Jan 2016 12:07
(ShareCast News) - Deutsche Bank adjusted its ratings on London-listed life assurers as it took a look at the UK sector, saying the outlook was uncertain on a number of fronts. The bank said most UK life assurers continue to offer the potential for structural long-term growth with attractive dividen
Read moreBroker tips: UK life insurers, Entertainment One, Micro Focus International
10th Dec 2015 15:38
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreUK life insurers set to catch up next year, Nomura says
10th Dec 2015 15:06
(ShareCast News) - Shares in UK life insurers will catch-up with their European peers next year after underperforming in 2014, as Solvency II proved to be a more acute headwind for them, Nomura told clients on Thursday. Yet developments for them had generally been better than expected for them, so c
Read moreSt James's Place third-quarter net inflows up 17%
27th Oct 2015 07:30
(ShareCast News) - Wealth manager St James's Place posted a 17% rise in third-quarter net inflows to a record £1.48bn, taking funds under management to £54.5bn. Over the nine months to 30 September, net inflows were up 12% to £4.15bn. The company said retention of clients remained strong, at around
Read moreAviva, St.James's and Standard Life set to outperform, JP Morgan says
23rd Oct 2015 14:54
(ShareCast News) - The upcoming implementation of the Solvency II capital regime will lift a significant source of uncertainty which has been hanging over UK and European life insurers, JP Morgan said in a research note sent to clients. The new measures will likely see Aviva, St.James Place and Stan
Read moreFTSE 100 movers: Financials lead risers as blue chips end losing streak
25th Aug 2015 15:18
(ShareCast News) - The FTSE 100 bounced back on Tuesday, recouping some of Monday's China-triggered losses, for what looked like being the first positive session in 11 trading days. An hour before the close London's blue chips were up 136.80 points, or 2.32%, to 6,035.67, led by companies lifted pur
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