|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||12.62|
|Earnings Date||Jul 27, 2023|
|Forward Dividend & Yield||0.53 (6.32%)|
|Ex-Dividend Date||Aug 24, 2023|
|1y Target Est||1,273.44|
The UK’s largest wealth manager St James’s Place is investigating one of its financial advice firms after it appeared to be promoting tax schemes to help parents save on school fees.
Tens of thousands of St James’s Place customers will see fees drop next month after Britain’s biggest wealth manager reviewed its charges in the face of tighter regulation.
British asset manager St James's Place reported a fall in half-yearly profit after tax on Thursday but attracted 3.4 billion pounds ($4.40 billion) of net inflows in what the company called a "challenging period" for UK investors. Profit after tax fell to 161.7 million, down from 208.2 million in the same period last year, and the interim dividend was 15.83 pence per share, representing 30% of the previous full-year dividend, the company said. "This has been a challenging period for many UK savers and investors who have had to contend with high and persistent inflation, rising borrowing costs, a mini banking crisis in the U.S. and attendant stock market volatility, and continued macro-economic and geo-political uncertainty," said CEO Andrew Croft.