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Top related persons:
St James's - 1 Andrew Croft - 1 Croft - 1 Elizabeth Howcroft - 1 Sinead Cruise - 1
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British U.S
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St - 1 Funds - 1 UK savers - 1 Thomson - 1

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2 mentions found


☆ British asset manager St James's Place attracts $4.4 billion in first-half net inflows
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 27 (Reuters) - British asset manager St James's Place (SJP.L) reported a fall in half-yearly profit after tax on Thursday but attracted 3.4 billion pounds ($4.40 billion) of net inflows in what the company called a "challenging period" for UK investors. Funds under management hit a record 157.5 billion pounds, up from 148.4 billion in December 2022. Profit after tax fell to 161.7 million, down from 208.2 million in the same period last year, and the interim dividend was 15.83 pence per share, representing 30% of the previous full-year dividend, the company said. "As we look ahead, there continue to be challenges for UK consumers," he said. ($1 = 0.7722 pounds)($1 = 0.7719 pounds)Reporting by Elizabeth Howcroft, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.
Persons: St James's, Andrew Croft, Croft, Elizabeth Howcroft, Sinead Cruise Organizations: St, Funds, UK savers, Thomson Locations: British, U.S
☆ Neobanks battle to lure UK savers with juicy yields as interest rates rocket to a 14-year high
  + stars: | 2022-12-16 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
"We've re-entered the era where banks use better savings rates to acquire customers," Simon Taylor, head of strategy at fintech startup Sardine.ai, told CNBC. The Bank of England on Thursday hiked its main interest rate by 50 basis points, to 3.5%, its highest level in 14 years. They mean savers can get higher rates of returns on their deposits. However, those with mortgages, credit cards and personal loans to pay are charged higher interest. It is not the first time an internet-based bank in the U.K. has bumped up rates on savings to higher levels.
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