St James's Place

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).

Lloyds has put a 20% stake in wealth manager St James's Place up for sale, the bank confirmed this afternoon.

St James's Place has broken its silence over its sacking of Taube Hodson Stonex Partners (THS) after a twenty-year relationship.

St James's Place (SJP) saw profits rise 23% in 2012 compared with the previous year, thanks in part to higher income from funds under management, which again were a record for the business.

UK equity income managers, including Artemis' Adrian Frost, are stepping up their quest for the next generation of dividend payers as the London market's leading stocks disappoint.

The £1.2bn St James's Place Equity Income trust, managed by RWC's Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.

David Bellamy, the chief executive of St James's Place (SJP), has said the business is "well positioned" to reap the benefits of the trading environment introduced since RDR as he revealed assets under management had reached record levels.

The UK's biggest advice firms have been accused of failing to adequately inform potential clients whether they provide independent or restricted advice.