St James’s Place and Next help FTSE 100 to another all-time high Investing The FTSE 100 has hit another all-time high this morning, with the index up five per cent since the start of 2025. London’s main index rose 0.46 per cent this morning before dropping back slightly, while the more domestically focused FTSE 250 jumped 0.53 per cent. “Given the volatility this week on Wall Street as [...]
St James’s Place: Britain’s biggest wealth manager has stock upgraded Investing City broker Peel Hunt has upgraded St James’s Place this morning, after a strong set of results and a surge in share price. Britain’s biggest wealth manager reported £4.3bn in new money throughout 2024 this morning, sending its stock price up more than eight per cent to more than £10. The bump came from £1.5bn [...]
St James’s Place: Stock price jumps after new money surge Investing St James’s Place brought in £4.3bn in new money throughout 2024, bringing its total assets under management to a record £190.2bn. Britain’s largest wealth manager attracted £1.5bn of new money over the last quarter of the year, it said in a trading update, 70 per cent ahead of expectations. The firm’s pension arm brought in [...]
St James’s Place: Impax slumps following mandate losses January 9, 2025 Impax’s stock price has sunk even further after revealing the damage that the loss of fund management mandates from St James’s Place has done to its business. Assets under management at the environmental-focused money manager fell eight per cent over the quarter, the firm revealed in a trading update on Thursday. After falling by more [...]
How St James’s Place is changing its opulent image December 9, 2024 St James’s Place is working to overhaul the ‘cruise and cufflink’ image that it has long been saddled with, including dropping its annual conference for advisers at the 20,000-capacity O2 Arena. The wealth manager giant, which will be re-promoted to the FTSE 100 later this month, has dropped the opulent gathering with its 4,852 advisers [...]
St James’s Place readies redundancies in cost-cutting push December 2, 2024 St James’s Place is set to make around 500 redundancies next year as part of its sweeping cost-cutting plan, according to reports. Around a sixth of the wealth manager’s non-financial adviser workforce are set to be laid off in February, an internal memo, seen by Citywire, revealed. Over the summer, St James’s Place revealed it [...]
St James’s Place shutters property funds amid sector downturn November 27, 2024 St James’s Place has begun to wind down its three property funds as the sector struggles to make it past the blows it sustained during the coronavirus pandemic. The three funds, which operate as unit trusts, pension and life funds, will shutter over the next two years, with regular payouts to investors in the funds. [...]
Which companies are set to join the FTSE 100? November 26, 2024 Three UK companies are expected to be promoted to the FTSE 100 next month, with Games Workshop set to move to London’s top index for the first time. The Warhammer-maker has seen its stock price jump 35 per cent since the start of 2024 after reporting revenue that was ahead of expectations. St James’s Place [...]
St James’s Place continues exec shakeup with new chief risk officer November 12, 2024 St James’s Place has continued its shakeup of senior staff with a new chief risk officer as Britain’s biggest wealth manager works to rebuild credibility. Chief risk officer Mark Sutton, who had worked at the firm for the last seven years, represents the third executive to depart in just over a year. A St James’s [...]
St James’s Place: More changes in mandates to come, CIO says October 25, 2024 There will continue to be a significant shake-up in who manages some of the biggest funds at the UK's largest wealth manager, the chief investment officer of St James's Place has told City AM.