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...Advisers at the UK’s biggest wealth manager St James’s Place owe £920mn in business loans through a scheme facilitated by the company that allows them to buy clients from other advisers....
...The amount of underperforming loans extended by St James’s Place to its advisers more than doubled last year, as rising interest rates affected the ability of partners at the FTSE 100 wealth manager to repay...
...Of the three co-founders, only Robertson remains at the firm. Somerset has found itself at the nexus of two negative trends....
...The new chief executive of St James’s Place has said he will conduct a review of every element of the business, as inflows to the group’s products nearly halved last year....
...When I visit, she is preparing to display a series of similar hats — known as a ládjogahpir, a vital symbol of the Sámi people with a tumultuous past — around the corner at Tate St Ives, as part of her first...
...Operations have been suspended at a major gas terminal outside St Petersburg after a large fire broke out, which the Russian operator said had been caused by “external action”....
...By no means is this pleasant, but at least it has the potential to serve as a learning experience for a young worker. Andy Streasick St Paul, MN, US...
...My favourite thing to do at a fancy party is point at the food or drink and ask people, “Is this free?!”...
...But for creditors and customers, the history of leveraged retailer buyouts has been . . . mixed at best....
...“The bond market has opened up — but at a high price. Multilateral development banks right now are the only game in town.”...
...Joseph FoyleDublin, Ireland...
...Wealth manager St James’s Place has slashed its final dividend by 78 per cent and said payouts will remain at a fixed level for the next three years....
...But in “The Death of St Joseph” (c1712) by Giuseppe Maria Crespi, we see Joseph on his deathbed, a thin pallet mattress in a darkened room. There is such care in these, his final moments....
...— The last days of the Boeing whistleblower (Fortune) — Geoeconomic fragmentation and firms’ financial performance (VoxEU) — Who Are For-Profit Hospital Patients?...
...Woolway it was who developed the rarebit croquette at St John, Marylebone....
...But the market lopped nearly a third from its share price at one stage, in anticipation of more trouble ahead....
...We are at the tail-end of the current earnings season....
...“We increasingly have to question how well SJP will monetise that opportunity,” said David McCann, analyst at Numis....
...Shares in the wealth manager closed on Wednesday at 505.80p, down over 18 per cent....
...Jollof rice with spider crab custard at IkoyiI’ve had several different iterations of Ikoyi’s jollof — the iconic west African rice dish — and this was the best one, eaten just before they moved from St...
...It’s quite a change from just a few weeks ago,” said Farouk Soussa, Middle East and north Africa economist at Goldman Sachs....
...“The Cathedral Library is a remarkable room, and remains one of Sir Christopher Wren’s great achievements,” says the Very Revd Andrew Tremlett, Dean of St Paul’s....
...One of the most imposing pieces at the Nomad St Moritz design fair, held last weekend at the Swiss resort town, was, if by sheer bulk alone, a fully made bed....
...St James’s Place has defended its pay strategy after shareholders expressed their disquiet at the “windfall gains” due to executives through a share plan....
...Mark St Giles Chairman, Cadogan FinancialSomerton, Somerset, UK...
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