trending Market Intelligence /marketintelligence/en/news-insights/trending/L0atc4xcAcIbsBjcQjTTNg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Global markets getting used to uncertainty, Standard Life CEO says

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Global markets getting used to uncertainty, Standard Life CEO says

Global markets are growing more accustomed to uncertainty, Standard Life Plc CEO Keith Skeoch told analysts Aug. 8.

Events such as Brexit and the election of Donald Trump in 2016 had created volatility, but the picture is starting to look more stable, he said after Standard Life reported a year-over-year rise in first-half profit attributable to equity holders.

"The half-life of the uncertainty from those events is fading quite quickly. Markets are reconnecting with fundamentals this year. Last year they were more driven by sentiment," he said, adding that 83% of the company's funds had performed above their benchmark in the first half.

Standard Life made a first-half profit attributable to equity holders of £292 million, up from £226 million in the first half of 2016, on the back of "favorable short-term fluctuations in investment return and economic assumption changes," plus a rise in fee-based revenue and lower tax charges.

Standard Life will complete a merger with Aberdeen Asset Management Plc on Aug. 14.

Speaking on the impact of the merger on inflows, Skeoch said clients were taking a "wait-and-see approach," but said consultants understand the "strategic logic" behind the deal, which is intended to create a "world-class" investment company.

Operating profit before tax was slightly ahead of analyst consensus, up by 6% at £362 million, beating an estimated 4% increase. Assets under administration during the half increased by 1% to £361.9 billion, in line with consensus forecasts.

Barrie Cornes, an insurance analyst at stockbroker Panmure Gordon, said in an Aug. 8 note that the latest set of results were "solid" although "pretty irrelevant" in the face of the coming merger, the benefits of which he remains skeptical of.

The results are "decent" but net outflows of £3.7 billion in the first half, compared with inflows of £900 million during the same period in 2016, may be a concern for investors, wrote Eamonn Flanagan, director at Shore Capital. Standard Life said £3.4 billion of the outflows were from mature books that are in long-term run-off.