lonstj
St. James Place (LON: STJ) share price popped by over 4% on Thursday, making it the best-performing company in the FTSE 100 index. It jumped to a high of 490p, higher than the year-to-date low of 388p. Still, despite the jump, the stock remains 68% below its highest point in 2021. The latest surge happened as investors reacted to the acquisition bid for Hargreaves Lansdown. The investment platform rejected a near £5 billion deal from CVC and Hargreaves Lansdown noting that it severely undervalued it. Analysts believe that the two companies or other bidders will make a counteroffer at a higher ...
Invezz
St. James Place (LON: STJ) share price has crawled back in the past few days even as concerns about the company continued. After bottoming at 386p in April, the stock has rebounded to about 456p. Still, it is one of the worst-performing companies in the FTSE 100 index as it plunged by over 70% from its highest level in 2022. Assets inflows have deterioratedSt. James Place, the biggest wealth manager in the UK, has been under intense pressure in the past two years amid concerns about its asset growth, regulatory risks, and revenue and profitability retreat. The most recent update showed that th...
Invezz
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