BACON TOP OF THE CROP OF RICH LIST HEDGIES April 22, 2010 IT’S been rich pickings indeed for the hedge fund community this year, if leaked information from the Sunday Times Rich List’s rundown of the wealthiest hedgies in town is anything to go by. Apart from two individuals whose wealth has stayed the same over the past year (Nat Rothschild at Atticus and Steven Heinz at [...]
St James’s is winner as ISA sales rocket April 21, 2010 WEALTH management group St James’s Place yesterday announced a record quarter for new business with total new investments of £1.1bn. The company said its most closely followed measure of new business, a combination of regular and single premiums, was up 42 per cent from a year earlier at £133.3m. Deutsche Bank analysts had expected a [...]
Private client managers enjoy time to grow April 21, 2010 PRIVATE client investment managers and stockbrokers have had a good recession but challenges remain as they seek to strengthen their positions against future uncertainties such as increased regulation. Last year’s massive influx of funds from the private client arena was likened to a “sugar rush” by the head of one small City stockbroker. Millions of [...]
Hughton hails high-flying Magpies as Newcastle land Premier League return April 5, 2010 NEWCASTLE boss Chris Hughton last night spoke of his “incredible feeling” after celebrating the club’s return to the Premier League at the first attempt. The Magpies were guaranteed a top-two place without kicking a ball after Nottingham Forest drew 0-0 with Cardiff. It capped a remarkable turnaround for the club, whose 16-year stay in the [...]
SPORT | IN BRIEF March 28, 2010 Clarets boss Laws in whine FOOTBALL: Burnley boss Brian Laws accused Martin Olsson of diving after a 1-0 defeat to Blackburn pushed his side closer to relegation from the top flight. David Dunn scored from the spot after Olsson tumbled over goalkeeper Brian Jensen, leaving the Clarets 19th and three points from safety. Laws said: [...]
Beat the blues with a slice of Caribbean sun March 25, 2010 WINTER is finally over, and the sun has been reminding us all of its existence in the past week or so. If you are already thinking ahead to next year and wondering how you will get through another few months of darkness and “snow days”, there’s a solution: buy a home in the Caribbean. Barbados [...]
St James’s boosts its annual dividend February 24, 2010 WEALTH manager St James’s Place beat analyst forecasts to deliver a 12 per cent increase in full-year operating profits yesterday, buoyed by rising markets in 2009. The Cirencester-based company, which is 60 per cent owned by Lloyds Banking Group, produced £228.9m compared with £204.3m a year earlier. Its pre-tax number swung from a loss of [...]
ANALYST VIEWS: HOW IS ST JAMES’S PLACE POSITIONED FOR THE COMING YEAR? February 24, 2010 EAMONN FLANAGAN | SHORE CAPITAL The outlook statement was suitably cautious, highlighting higher tax, the forthcoming election and economic conditions. Trading at a discount to our 2010 net asset value (upgraded to 297p from 285p), we view the shares as materially undervalued – we reiterate our “buy” recommendation. BARRIE CORNES | PANMURE GORDON The partnership [...]
St James’s Place sees profits outstrip forecasts February 24, 2010 WEALTH manager St James’s Place posted full-year operating profits at the top end of market forecasts. The firm – which is 60 per cent owned by Lloyds Banking Group – combines life assurance with investment services. It said operating profit on an embedded value basis was at £228.9m in 2009, up from £204.3m a year [...]
OUT OF OFFICE February 17, 2010 FASHION STILLS AT SOFITEL ST JAMES In honour of Fashion Week, Sofitel St James’s is hosting a photo exhibition, a poignant vision of the fashion world through the lenses of famous fashion snappers who have captured unique instants from the secretive world of haute couture, including behind the scenes shots at Dior, Chanel, Jean-Paul Gaultier [...]