RRS or Email updates

Related stories

• Whats wrong with the Tobin Tax
• ICAP confirms may sell/close businesses
• Barclays off-balance sheet
• Catlin trading statement
• Man Groups H1 not as good as it looks
• Aviva Q3 statement
• Aviva gets 1bn from Delta Lloyd IPO
• London Stock Exchange profits continue resilient

Latest

• The ageing population bomb
• Sterling crisis "claptrap"
• House prices down, trend uncertain
• Shadow MPC "hold rates"
• Warren Buffet on housing, acquisition and more
• A good recession for capitalists
• Europe's new population bomb
• The impact of rising commodity prices
• What is the point of multi-manager funds?
• Gold and the Euro

St James's Place statement: not as good as it looks

St James’s Place announced that it has returned to growth in the third quarter. Total new business on an APE basis only rose 3%, but it is an improvement on the declines in the first half.

The 17% increase in funds under management is the result of the recovery in equities markets, with only £600m of the £3.4bn increase coming from an inflow of funds.

There appears to be a wide disparity in the performance of different products. The company points our high performing areas, but this implies that there have been declines elsewhere to lead to the low overall growth.

We need user contribution, so please suggest stories/links

Comments