Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Standard Life Is Up 29% This Year

LONDON -- Standard Life (LSE: SL.L  ) has advanced 29% to 266 pence so far during 2012, making the share one of this year's best performers in the FTSE 100 (UKX).

The financial institution, which boasts 6 million customers and looks after assets of more than 200 billion pounds, has defied the wider economic gloom with a series of resilient statements.

During March, Standard Life reported annual results that showed assets under administration up 3% and total income rising 5% to 1.579 billion pounds. However, operating profits before tax advanced 28% to 544 million pounds in part due to cost efficiencies of 45 million pounds. The dividend was raised 6% to 13.8 pence per share as well.

During April, Standard Life issued a trading statement that confirmed assets under administration had increased 4% during the first three months of the year. Chief Executive David Nish said at the time:

Inflows into our long-term savings businesses and strong performance from Standard Life Investments have helped to increase both our Group assets under administration and Standard Life Investments third-party assets to record levels, driving growth in fee based revenue while we continue to improve the efficiency of our business.

Then in August, Standard Life revealed first-half operating profits before tax had advanced 15% to 302 million pounds. Furthermore, the interim dividend was raised by 6.5% to 4.9 pence per share. The majority of progress was delivered by operations in the U.K., which Standard Life said should "continue to perform well."

Standard Life's third-quarter trading update will be published on Oct. 31, and may provide further resilient news.

More blue chip outperformers of 2012 are revealed in Neil Woodford's favorite large caps, an exclusive Fool report that names the FTSE shares the market-trouncing City investor is backing today, and the investing logic behind them.

You can discover the potential winners Woodford favors right now by downloading this free report while it remains available.

Are you looking to profit from this uncertain economy? "Ten Steps To Making A Million In The Market" is the very latest Motley Fool guide to help Britain invest. Better. We urge you to read the report today -- it's free.

Further Motley Fool investment opportunities:

Maynard does not own any share mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1995205, ~/Articles/ArticleHandler.aspx, 10/27/2016 4:50:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,169.68 -29.65 -0.16%
S&P 500 2,133.04 -6.39 -0.30%
NASD 5,215.97 -34.29 -0.65%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes