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Pin to quick picksStm Grp. Share News (STM)

Share Price Information for Stm Grp. (STM)

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Share Price: 54.50
Bid: 52.00
Ask: 57.00
Change: -1.50 (-2.68%)
Spread: 5.00 (9.615%)
Open: 56.00
High: 56.00
Low: 54.50
Prev. Close: 56.00
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IN BRIEF: STM delays annual results due to court case; results in line

Fri, 16th Apr 2021 13:26

STM Group PLC - financial services provider - Delays publication of 2020 results to early May, in order to determine whether a recent UK court ruling against subsidiary Carey Pensions LLP will require a provision in the accounts. Carey was sued by a client over a bad investment. The High Court ruled in favour of Carey, but the Court of Appeal on April 1 ruled that Carey had to compensate the customer. STM is considering an appeal to the Supreme Court, and it notes that any provision is not expected to have an impact on net assets or results, as the claim is covered by insurance, plus indemnities secured at the time of acquiring Carey in 2019. STM said its financial results remain in line with guidance provided in February of pretax profit of GBP2.0 million on GBP24.0 million in revenue.

Current stock price: 29.75 pence, down 2.5% on Friday

Year-to-date change: down 0.8%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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9 Jan 2015 15:43

STM finance chief shows confidence with share purchase

STM Group's chief financial officer increased her stake in the company in another show of confidence in the financial services business by its board. Therese Neish acquired 170,200 shares at an individual price of 23p, spending a total of £46,000. She now owns 492,756 shares in the group, represen

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9 Jan 2015 13:24

UK DIRECTOR DEALINGS SUMMARY: Boohoo Board Buys After Profit Warning

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9 Jan 2015 12:31

DIRECTOR DEALINGS: STM Group CFO Buys 170,200 Shares

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9 Sep 2014 10:48

UK MIDDAY BRIEFING: Petra Diamonds Surges On "Exceptional" Discovery

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9 Sep 2014 10:44

UK WINNERS & LOSERS: Shell, BP Down As Brent Oil Stays Below USD100

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9 Sep 2014 08:32

STM Group Profit Almost Doubles As It Targets Financial Advisers

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4 Jul 2014 16:30

Daily Mail General Trust's Chairman sells £15.91m-worth of shares

Viscount Rothermere, the Chairman of Daily Mail and General Trust, has traded in £15.91m-worth of shares in the multi-media and information company. Selling the stock at 860p a piece, Rothermere benefited from the rise seen in the group's share price this week, which has seen it climbed 5.56%, or

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4 Jul 2014 09:12

DIRECTOR DEALINGS: STM Group Directors Buy From Selling Shareholder

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11 Mar 2014 13:07

STM Group Swings To Profit; Continues To Review Dividend Policy

LONDON (Alliance News) - Financial services business STM Group PLC said it swung to profit in 2013, boosted by its pensions division. AIM-listed STM, which provides financial management to high-net-worth individuals, posted pretax profit of GBP269,000 for the year, compared with a loss of G

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17 Jan 2014 15:16

STM Group appoints CFO

Financial services company STM Group has appointed Therese Neish as Chief Financial Officer (CFO) with immediate effect. She replaces Alan Kentish who has been appointed as Director of Product and Business Development. Niesh has been with the company since 2003 after training with KPMG. She spent

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17 Jan 2014 09:06

STM Group Promotes Therese Neish To CFO Job

LONDON (Alliance News) - STM Group PLC Friday said it has appointed insider Therese Neish as chief financial officer with immediate effect, replacing Alan Kentish who was recently appointed as the company's director of product and business development. Neish joined the company 10 years ago,

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17 Jan 2014 08:13

UK MORNING BRIEFING: Shares Open Higher Despite Shell Warning

LONDON (Alliance News) - UK shares have opened higher Friday despite negative news from two FTSE 100 companies, Royal Dutch Shell and Shire.

The oil major issued a profit warning, and the pharmaceutical firm said it will book a loss on the sale of

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3 Sep 2013 11:37

STM Group Margins Increase As It Reduces Bank Loans

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21 Dec 2011 12:29

STM shares plunge on profit warning

STM Group, which provides financial sevices to the rich and famous, has issued a profit warning after economic conditions made clients cut back on its products. Revenue for the second half of 2011 is expected to be below management's expectations, prompting a big sell off of its shares, which pushe

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8 Mar 2011 12:58

STM prepares fireworks for 2011

STM, the cross-border financial services firm, more than doubled profits in 2010, in line with expectations, and "two little fireworks" could make 2011 a winning year. The company, which helps individuals and businesses with tax, legal, trust and pensions needs, made £1.5m before tax and after exch

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