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Share Price Information for Stm Grp. (STM)

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Share Price: 57.50
Bid: 55.00
Ask: 60.00
Change: 0.00 (0.00%)
Spread: 5.00 (9.091%)
Open: 57.50
High: 57.50
Low: 57.50
Prev. Close: 57.50
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STM Group's Jersey unit acquitted of compliance procedure charges

Mon, 29th Jun 2015 11:30

STM Group's Jersey division has been cleared following an investigation into its compliance procedures in 2012.The financial services company's Fiducaire branch was investigated in April regarding the failing of its compliance procedures and the risk to clients.It was concluded that STM Group had acted swiftly to correct the issues identified and that clients' interests were therefore protected.The Attorney General for the states of Jersey had expressed intentions to prosecute a former STM Fiducaire employee and warned that STM Group would be jointly charged as a defendant due to its position as employer at the time of the offence.However, the wealth manager has since been acquitted of all charges and found not guilty, meaning no professional or financial sanctions will be pursued."STM Jersey has always fully cooperated with the Attorney General and was confident of its conduct, so this is a pleasing outcome," said chief executive Colin Porter.As of 1200 BST, STM Group was trading 3.5% higher at 45p.
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15 Sep 2010 14:29

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15 Sep 2010 13:04

STM profits take off

STM, the cross-border financial services firm, hopes today's surge in half-year profits following a reorganisation and programme of cost-cuts has brought its terrible run of form to an end. The company, which helps individuals and businesses with tax, legal, trust and pensions needs, bumped up pre-

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30 Jul 2010 07:30

STM Sees 1H Turnover At GBP4.65M Vs GBP4.13M

LONDON (Dow Jones)--STM Group PLC (STM.LN), a cross border financial services provider, said Friday that turnover for the first half of 2010 is expected to be materially up on the same period last year at GBP4.65 million compared with GBP4.13 million. MAIN FACTS: -Integration of Zenith Trust

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9 Mar 2010 13:55

STM starts recovery as clients return

Cross-border financial services firm STM had a "frustrating and challenging" 2009, but profitability increased significantly in the second half. "This trend is expected to continue into 2010, as the management decisions and costs savings that took place in the latter part of 2009 take effect in 201

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30 Sep 2009 07:44

St. Modwen seeing value in certain acquisitions

St. Modwen Properties said it is beginning to see value in certain acquisition opportunities but has not yet found 'compelling reasons' to use a 'material amount' of its newly-raised funds. "We are beginning to see signs of recovery in the residential land market, with bids received, or contracts e

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8 Sep 2009 08:46

STM explains profit slump

Cross-border financial services firm STM has blamed underperformance at its Jersey office and insurance division for a slump in profits during the first half of 2009. Profit before tax for the six months ended 30 June tumbled to £180,000 from £1.43m a year ago on revenue down to £4.13m from £4.26m.

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13 Jul 2009 08:53

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