St James's Place

M&G's director of UK advisory has predicted it could take up to two years to properly gauge demand for restricted propositions among the adviser community.

St James's Place stock has fallen 10% in today's trading after majority shareholder Lloyds Banking Group placed 77m shares into the market.

Lloyds Banking Group has raised £450m from a placing of a 15% stake in St James's Place (SJP), just months after it sold a 20% stake.

Assets under management at wealth manager St James's Place were up £4.2bn to a record £39bn, according to the group's interim results.

Superficially attractive equity market valuations are concealing a number of warning signs for investors, according to RWC Partners' income managers Nick Purves and Ian Lance.

M&G has cut its position in St James's Place (SJP) after majority shareholder Lloyds sold down its own stake in the wealth manager.

Upmarket wealth manager St James's Place paid £12,750 for a speech from Labour MP David Miliband at its annual conference.

Schroders' head of UK equities Richard Buxton has been snapping up shares in St James's Place which are being sold by the group's parent Lloyds, according to reports.

AXA IM's Nigel Thomas has added to his position in wealth manager St James's Place, whose shares have fallen 4% today as Lloyds Banking Group placed a 20% stake in the business into the market.

Lloyds Banking Group expects to raise about £520m from the sale of part of its stake in wealth manager St James's Place (SJP).