St. James's Place plc

United Kingdom

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St. James's Place names Justin Onuekwusi CEO of investments

St. James's Place has confirmed Justin Onuekwusi as its CEO, Investments, after he held the position on an interim basis since January, succeeding Tom Beal, who has left the company. Onuekwusi, who joined the firm in October 2023 as chief investment officer, will oversee the Investment Directorate, including investment strategy, fund oversight, platform development, and discretionary fund management through SJP Investment Management. He brings over two decades of industry experience, having previously worked at Legal & General Investment Management, Aviva Investors, Merrill Lynch, and Aon. The appointment comes as the group's Polaris range, which exceeded £100bn in assets in March 2026, continues to expand, and Onuekwusi will focus on investment capabilities, platform innovation, and the development of SJP Investment Management.

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STJ.LSE · Capital · Neutral Executive appointment may signal strategic direction but no direct financial impact stated.

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Vodafone gains help FTSE 100 close higher amid calmer trading

The FTSE 100 closed higher on Friday, lifted by a 13% surge in Vodafone shares after investment vehicle Vega agreed to acquire Emirates Telecommunications' 16.2% stake for £4.4 billion, making it the telecom firm's largest shareholder. The blue-chip index rose 24.84 points, or 0.2%, to 10,497.29, while the FTSE 250 added 0.6% and the AIM All-Share edged up 0.2%. Vega, owned by the Xavier Niel family, said it has no intention of making a takeover offer but JPMorgan analysts noted Niel is not known as a passive investor. St James's Place slumped 8.6% after a report that a large partner firm plans to exit, while Hays jumped 20% on an upbeat profit forecast and easyJet soared 14% after agreeing to a £5.7 billion takeover proposal from Apollo Management that tops a rival bid.

EZJ.LSE ▲HAS.LSE ▲STJ.LSE ▼VOD.LSE ▲

EZJ.LSE · Capital · Positive EasyJet agreed to a £5.7 billion takeover proposal from Apollo Management, topping a rival bid.

HAS.LSE · Capital · Positive Hays jumped 20% on an upbeat profit forecast.

STJ.LSE · Capital · Negative St James's Place slumped 8.6% after a report that a large partner firm plans to exit.

VOD.LSE · Capital · Positive Vodafone shares surged 13% after Vega agreed to acquire a 16.2% stake for £4.4 billion, becoming largest shareholder.

Emirates Telecommunications Group · Capital · Positive Emirates Telecommunications sold its 16.2% stake in Vodafone to Vega for £4.4 billion.

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St. James's Place Fair Value Estimate Raised to £16.99 Amid Mixed Analyst Revisions

The fair value estimate for St. James's Place has been revised upward to £16.99 from £16.41, according to a recent analyst update. This adjustment comes as price targets from various analysts range from £16.00 to £20.50, with Keefe Bruyette initiating coverage with an Outperform rating and a £16.00 target, while Deutsche Bank maintains a Buy rating with targets of £20.00 and £20.50. However, JPMorgan has trimmed its targets by £0.23 and £0.25, and Deutsche Bank also reduced its target by £1.00, reflecting some caution around execution risks. The revised fair value incorporates a modelled revenue decline of 67.92%, a net profit margin assumption of 66.99%, and a future price-to-earnings ratio of 15.91 times.

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STJ.LSE · Capital · Positive Fair value estimate raised to £16.99 and multiple analysts maintain Buy/Outperform ratings, indicating positive valuation revision.

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