St. James's Place profit soars

Article Abstract:

St. James's Place Capital PLC reported an increase in its 1998 pretax profits of 67%. The company posted 86.3 million pound sterling ($140.7 million) in profits. However St James's Place's share valued dropped 4.3% in London trading. The company's profits were helped by higher sales and acquisitions. Life assurance is one of the most rapidly growing businesses in St. James' Place's sector.

Comment:

Reports increase in its 1998 pretax profits of 67%.

Abstract

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St. James's Place Capital posts a 17% rise in sales

Article Abstract:

St. James's Place Capital PLC posted an increase of 17% in its sales for the 1999 year. The company posted a rise in sales to 130.1 million pounds (212.6 million euros) from its UK marketing division.

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Equitable Life posts 2.7% return on profits fund

Article Abstract:

Equitable Life posted a total return of 2.7% from its profits fund in the 2000 year. The company also said it had 3,558 policy redemptions that constituted under 1% of the funds.

Equitable Life Assurance Society

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