St James's Place PLC (CHIX:STJl)
£ 8.9975 0.0425 (0.47%) Market Cap: 4.87 Bil Enterprise Value: -1.03 Bil PE Ratio: 0 PB Ratio: 4.42 GF Score: 42/100

Half Year 2019 St. James's Place PLC Earnings Call Transcript

Jul 31, 2019 / 09:30AM GMT
Release Date Price: £9.88 (-5.53%)
Andrew Croft;s Place plc;CEO;Director
St. James

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Should we get started? So good morning, everyone, and welcome to our interim results presentation. Adopting our usual format at the half year, I will cover the fund flows, hand over to Craig to run through the financials. I will then finish up on other developments and outlook. We'll follow this with a Q&A.

There are also a number of my executive team and non-execs here this morning. Please do look them up over coffee at the end.

So the first 6 months. It's fair to say that we have witnessed a period of unprecedented political uncertainty in the U.K., coupled with uncertain macroeconomic environment together with a strange trade relationship between the U.S. and China. So unsurprisingly, this is not a perfect environment for wealth management business. But despite this backdrop, I am, however, pleased to report a solid set of results, once again demonstrating the resilience of the business.

New gross inflows for the 6 months was GBP 7.4 billion, some 7% lower than the

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