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Nigel Thomas & Giles Hargreave increase SJP stakes
He also indicated he may increase his stake if the firm was spun off in an interview with Wealth Manager in December. ‘I would look to revisit it if it is spun off from Lloyds. It has got a great business model,' he said. 'I saw them six to eight weeks ago and they sounded pretty relaxed going into the RDR and 2013.'
Full-year numbers from SJP, released in February, supported this conviction as the group revealed assets under management jumped 22% to £34.8 billion in 2012.
At 12.30pm shares in Lloyds had added 1.3% to 50.6p, while SJP was 3% lighter at 520.5p.
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