|Bid||1,050.50 x 237400|
|Ask||1,051.00 x 142900|
|Day's Range||1,045.00 - 1,056.50|
|52 Week Range||905.60 - 1,234.50|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||32.41|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||0.48 (4.61%)|
|1y Target Est||1,321.29|
Neil Woodford’s rise to the top of the fund management industry — and the best buy lists — was built on several close City relationships. Broker Cenkos brought him many, now questionable, small-cap stocks; ...
The fall from grace of Neil Woodford has accelerated after his largest client, St James’s Place, deserted Britain’s best-known fund manager, in one stroke yanking more than 40 per cent of the assets he oversees. Mr Woodford is now fighting for his professional life after already being abandoned by several of his few remaining supporters, while his loyal army of retail investor followers has begun heading for the exits. Senior industry figures, who are concerned about the wider reputational damage of the collapse of such a well-known figure, said it appeared that one of the most celebrated careers in British fund management was drawing to an ignominious end.
British wealth manager St James's Place (SJP.L) beat forecasts for net inflows of client cash in a tough fourth quarter for global markets, sending its shares higher. While total assets fell 5 billion pounds on weaker market returns, net inflows hit 2.6 billion pounds as clients continued to seek its face-to-face advice on a range of services from pensions to investments and tax planning. "Against the particularly difficult market conditions that prevailed in the final quarter... I am pleased to report another good set of results that demonstrate the resilience of our business," Chief Executive Andrew Croft said in a statement.
British wealth manager St James's Place's (SJP.L) net flows and total cash fell short of forecasts in the first half, crimped by modest market returns and the cost of upgrading the firm's technology, sending its shares lower. The miss on net flows and total cash took the shine off otherwise strong results. SJP, which offers a range of investment and insurance services, said it continued to see growing demand from affluent clients, particularly after rule changes in recent years that have given them more control over how they save for retirement.