Latest news with #StJamesPlace
Bloomberg
5 days ago
- Business
- Bloomberg
Bloomberg Daybreak: Europe 05/30/2025
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's Guests: Hetal Mehta, head of economic research at St James's Place (Source: Bloomberg)
Bloomberg
23-05-2025
- Business
- Bloomberg
Impax CEO Says Worst Is Over After Clients Pull $14 Billion
The chief executive officer of Impax Asset Management Group Plc said the pool of money it oversees is unlikely to shrink further, as the firm tries to right itself after a series of client redemptions. In the six months ended March 31, Impax saw net outflows of more than £10 billion, or roughly $14 billion, according to its latest half-year report. Of that, £6.2 billion was pulled by St. James's Place Plc. In all, assets under management have dropped by roughly a third since a 2023 peak, to just over £25 billion.
Yahoo
19-05-2025
- Business
- Yahoo
FTSE 100 LIVE: Stocks dip as the UK and EU reach deal ahead of summit
The FTSE 100 (^FTSE) and European stocks followed Asian markets lower on Monday, as talks continue between UK and EU leaders in the hopes of hammering out a new post-Brexit deal. UK government officials hailed a "breakthrough" in talks on Monday morning. Fishing rights were the sticking point to a new agreement, but officials said this issue has been largely resolved now. The new agreed deal will last until 2038, EU diplomats said. The current deal was due to expire in 2026. Markets will also be watching for a defence security pact, with a news conference on the talks slated for later this afternoon. London's premier index fell 0.5% as markets opened. Investment managers St James's Place (STJ.L) and Scottish Mortgage Investment Trust (SMT.L) were among the top fallers in the index. Germany's DAX (^GDAXI) fell 0.2%. The CAC 40 (^FCHI) dipped 0.4% in Paris. The pan-European STOXX 600 (^STOXX) dipped 0.5%. US stock futures also fell after Moodys downgraded the country's credit rating, citing the unsustainability of the growing budget deficit and US national debt. Asian markets saw a similar reversal of last week's upward trajectory. Indexes across the region fell overnight Sunday as investors digested US credit changes and the release of disappointing Chinese economic data. Our US team writes: US stock futures took a hit Sunday evening as Wall Street processed Moody's downgrade of the US credit rating and new developments in President Trump's tariff salvos. Dow Jones Industrial Average futures (YM=F) dropped around 330 points, or 0.8%. Contracts tied to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 1.1% and 1.3%, respectively. Moody's cut the US government's long-term credit rating from Aaa to Aa1 late Friday, citing escalating deficits and the increasing burden of refinancing debt amid elevated interest rates. The downgrade brings Moody's in line with Fitch and S&P, which previously stripped the US of its top-tier rating. The bearish tone in futures trading follows a bullish run for equities. Investors last week embraced news of a temporary US-China tariff truce, which sent all three major indexes to a banner week. The Nasdaq surged over 7%, while the S&P 500 added more than 5% in a five-day rally. The Dow climbed more than 3%, finishing Friday's session up more than 300 points. Read more on Yahoo Finance Pedro Goncalves writes: The average price of a UK property coming to market has climbed to £379,517 in May, but the seasonal uplift is more subdued than usual, suggesting a market adjusting to increased supply and cautious buyer sentiment. The average asking price for properties going on sale this month has increased by 0.6% or £2,335, according to Rightmove (RMV.L). While this represents a new high, it is the weakest May increase since 2016. 'It's another new price record this month, but having seen a May price record for the last five years, it appears to be driven more by seasonal factors given that new buyer demand has slowed,' said Colleen Babcock, a property expert at Rightmove. 'The ten-year high choice of homes for sale means that sellers need to be aware of the level of competition they're facing for the attention of buyers.' Rightmove's figures show that while demand in March surged as buyers sought to complete transactions ahead of April's stamp duty changes in England, activity slowed the following month. Buyer interest fell 4% in April compared to the same period in 2024 — the first year-on-year decline recorded in 2025. Read more on Yahoo Finance UK Lucy Harley-McKeown here. It's another cloudy day in London and the B word is on the minds of markets. Brexit is back on the agenda as prime minister Keir Starmer hosts EU leaders in London, looking for a pathway to a new UK-EU deal. Results-wise the Big Yellow Group (B9Y.F) and Kainos (1KG.F) are reporting full-year results and there's an update from drinksmaker Diageo (DGE.L). Ryanair (RY4D.F) also posts quarterly results. Otherwise, there's a UK house price update which we'll be covering off later. Let's get to it. Asian markets saw a similar reversal of last week's upward trajectory. Indexes across the region fell overnight Sunday as investors digested US credit changes and the release of disappointing Chinese economic data. Our US team writes: US stock futures took a hit Sunday evening as Wall Street processed Moody's downgrade of the US credit rating and new developments in President Trump's tariff salvos. Dow Jones Industrial Average futures (YM=F) dropped around 330 points, or 0.8%. Contracts tied to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 1.1% and 1.3%, respectively. Moody's cut the US government's long-term credit rating from Aaa to Aa1 late Friday, citing escalating deficits and the increasing burden of refinancing debt amid elevated interest rates. The downgrade brings Moody's in line with Fitch and S&P, which previously stripped the US of its top-tier rating. The bearish tone in futures trading follows a bullish run for equities. Investors last week embraced news of a temporary US-China tariff truce, which sent all three major indexes to a banner week. The Nasdaq surged over 7%, while the S&P 500 added more than 5% in a five-day rally. The Dow climbed more than 3%, finishing Friday's session up more than 300 points. Read more on Yahoo Finance Pedro Goncalves writes: The average price of a UK property coming to market has climbed to £379,517 in May, but the seasonal uplift is more subdued than usual, suggesting a market adjusting to increased supply and cautious buyer sentiment. The average asking price for properties going on sale this month has increased by 0.6% or £2,335, according to Rightmove (RMV.L). While this represents a new high, it is the weakest May increase since 2016. 'It's another new price record this month, but having seen a May price record for the last five years, it appears to be driven more by seasonal factors given that new buyer demand has slowed,' said Colleen Babcock, a property expert at Rightmove. 'The ten-year high choice of homes for sale means that sellers need to be aware of the level of competition they're facing for the attention of buyers.' Rightmove's figures show that while demand in March surged as buyers sought to complete transactions ahead of April's stamp duty changes in England, activity slowed the following month. Buyer interest fell 4% in April compared to the same period in 2024 — the first year-on-year decline recorded in 2025. Read more on Yahoo Finance UK Lucy Harley-McKeown here. It's another cloudy day in London and the B word is on the minds of markets. Brexit is back on the agenda as prime minister Keir Starmer hosts EU leaders in London, looking for a pathway to a new UK-EU deal. Results-wise the Big Yellow Group (B9Y.F) and Kainos (1KG.F) are reporting full-year results and there's an update from drinksmaker Diageo (DGE.L). Ryanair (RY4D.F) also posts quarterly results. Otherwise, there's a UK house price update which we'll be covering off later. Let's get to it. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
FTSE 100 LIVE: Stocks dip as the UK and EU reach deal ahead of summit
The FTSE 100 (^FTSE) and European stocks followed Asian markets lower on Monday, as talks continue between UK and EU leaders in the hopes of hammering out a new post-Brexit deal. UK government officials hailed a "breakthrough" in talks on Monday morning. Fishing rights were the sticking point to a new agreement, but officials said this issue has been largely resolved now. The new agreed deal will last until 2038, EU diplomats said. The current deal was due to expire in 2026. Markets will also be watching for a defence security pact, with a news conference on the talks slated for later this afternoon. London's premier index fell 0.5% as markets opened. Investment managers St James's Place (STJ.L) and Scottish Mortgage Investment Trust (SMT.L) were among the top fallers in the index. Germany's DAX (^GDAXI) fell 0.2%. The CAC 40 (^FCHI) dipped 0.4% in Paris. The pan-European STOXX 600 (^STOXX) dipped 0.5%. US stock futures also fell after Moodys downgraded the country's credit rating, citing the unsustainability of the growing budget deficit and US national debt. Asian markets saw a similar reversal of last week's upward trajectory. Indexes across the region fell overnight Sunday as investors digested US credit changes and the release of disappointing Chinese economic data. Our US team writes: US stock futures took a hit Sunday evening as Wall Street processed Moody's downgrade of the US credit rating and new developments in President Trump's tariff salvos. Dow Jones Industrial Average futures (YM=F) dropped around 330 points, or 0.8%. Contracts tied to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 1.1% and 1.3%, respectively. Moody's cut the US government's long-term credit rating from Aaa to Aa1 late Friday, citing escalating deficits and the increasing burden of refinancing debt amid elevated interest rates. The downgrade brings Moody's in line with Fitch and S&P, which previously stripped the US of its top-tier rating. The bearish tone in futures trading follows a bullish run for equities. Investors last week embraced news of a temporary US-China tariff truce, which sent all three major indexes to a banner week. The Nasdaq surged over 7%, while the S&P 500 added more than 5% in a five-day rally. The Dow climbed more than 3%, finishing Friday's session up more than 300 points. Read more on Yahoo Finance Pedro Goncalves writes: The average price of a UK property coming to market has climbed to £379,517 in May, but the seasonal uplift is more subdued than usual, suggesting a market adjusting to increased supply and cautious buyer sentiment. The average asking price for properties going on sale this month has increased by 0.6% or £2,335, according to Rightmove (RMV.L). While this represents a new high, it is the weakest May increase since 2016. 'It's another new price record this month, but having seen a May price record for the last five years, it appears to be driven more by seasonal factors given that new buyer demand has slowed,' said Colleen Babcock, a property expert at Rightmove. 'The ten-year high choice of homes for sale means that sellers need to be aware of the level of competition they're facing for the attention of buyers.' Rightmove's figures show that while demand in March surged as buyers sought to complete transactions ahead of April's stamp duty changes in England, activity slowed the following month. Buyer interest fell 4% in April compared to the same period in 2024 — the first year-on-year decline recorded in 2025. Read more on Yahoo Finance UK Lucy Harley-McKeown here. It's another cloudy day in London and the B word is on the minds of markets. Brexit is back on the agenda as prime minister Keir Starmer hosts EU leaders in London, looking for a pathway to a new UK-EU deal. Results-wise the Big Yellow Group (B9Y.F) and Kainos (1KG.F) are reporting full-year results and there's an update from drinksmaker Diageo (DGE.L). Ryanair (RY4D.F) also posts quarterly results. Otherwise, there's a UK house price update which we'll be covering off later. Let's get to it. Asian markets saw a similar reversal of last week's upward trajectory. Indexes across the region fell overnight Sunday as investors digested US credit changes and the release of disappointing Chinese economic data. Our US team writes: US stock futures took a hit Sunday evening as Wall Street processed Moody's downgrade of the US credit rating and new developments in President Trump's tariff salvos. Dow Jones Industrial Average futures (YM=F) dropped around 330 points, or 0.8%. Contracts tied to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) were down 1.1% and 1.3%, respectively. Moody's cut the US government's long-term credit rating from Aaa to Aa1 late Friday, citing escalating deficits and the increasing burden of refinancing debt amid elevated interest rates. The downgrade brings Moody's in line with Fitch and S&P, which previously stripped the US of its top-tier rating. The bearish tone in futures trading follows a bullish run for equities. Investors last week embraced news of a temporary US-China tariff truce, which sent all three major indexes to a banner week. The Nasdaq surged over 7%, while the S&P 500 added more than 5% in a five-day rally. The Dow climbed more than 3%, finishing Friday's session up more than 300 points. Read more on Yahoo Finance Pedro Goncalves writes: The average price of a UK property coming to market has climbed to £379,517 in May, but the seasonal uplift is more subdued than usual, suggesting a market adjusting to increased supply and cautious buyer sentiment. The average asking price for properties going on sale this month has increased by 0.6% or £2,335, according to Rightmove (RMV.L). While this represents a new high, it is the weakest May increase since 2016. 'It's another new price record this month, but having seen a May price record for the last five years, it appears to be driven more by seasonal factors given that new buyer demand has slowed,' said Colleen Babcock, a property expert at Rightmove. 'The ten-year high choice of homes for sale means that sellers need to be aware of the level of competition they're facing for the attention of buyers.' Rightmove's figures show that while demand in March surged as buyers sought to complete transactions ahead of April's stamp duty changes in England, activity slowed the following month. Buyer interest fell 4% in April compared to the same period in 2024 — the first year-on-year decline recorded in 2025. Read more on Yahoo Finance UK Lucy Harley-McKeown here. It's another cloudy day in London and the B word is on the minds of markets. Brexit is back on the agenda as prime minister Keir Starmer hosts EU leaders in London, looking for a pathway to a new UK-EU deal. Results-wise the Big Yellow Group (B9Y.F) and Kainos (1KG.F) are reporting full-year results and there's an update from drinksmaker Diageo (DGE.L). Ryanair (RY4D.F) also posts quarterly results. Otherwise, there's a UK house price update which we'll be covering off later. Let's get to it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
16-05-2025
- Business
- Reuters
UK stocks extend gains, set to end week higher on trade optimism
May 16 (Reuters) - Britain's main stock indices extended gains on Friday and were set to end the week marked by a trade truce between the U.S. and China higher. By 1009 GMT, the FTSE 100 (.FTSE), opens new tab advanced 0.6%, trading at its highest level in nearly two months. The blue-chip index was also on track to rise over 1% for the week, if gains hold. The midcap index (.FTMC), opens new tab rose 0.5% and was poised for its sixth consecutive weekly advance and seventh straight session of gains. This week investors cheered the U.S.-China trade war truce, which significantly reduced global recession risks, alongside benign economic data and mostly positive corporate earnings results, despite some underlying caution. On Friday, the heavyweight healthcare subindex (.FTNMX201030), opens new tab led the gains and advanced 1.5%. On the flip side, precious metal miners (.FTNMX551030), opens new tab were down 0.6% as gold prices dropped on a stronger dollar and waning trade war concerns. Among individual stocks, wealth manager St James's Place (SJP.L), opens new tab rose 4.2% and topped the blue-chip index after JP Morgan raised price target on the stock. Workspace Group (WKP.L), opens new tab was the top loser among midcap stocks after the office-space provider said it expects trading profit headwind of about 7 million pounds ($9.30 million). Its shares plunged 7.9%. Future PLC (FUTR.L), opens new tab fell 6% after the publishing firm said it will adopt a "more cautious view" for the second half of the year. Looking ahead, market participants will monitor next week's consumer inflation data, which could influence the Bank of England's monetary policy stance. As of Friday, traders were pricing in an 88% chance of no change to interest rates at the bank's June meeting. ($1 = 0.7530 pounds)
