St James's Place (SJP) is set to announce bumper first half sales this week in a move that may push majority shareholder Lloyds to offload its stake in the company.
The FTSE 250 firm is expected to announce on Wednesday operating profits increased 34% to £135m with new business up 31% to £266m in the six months to end-June.
Analysts also expect the wealth manager to report pre-tax profits of £31.7m, while the City is betting on a dividend of 1.95p per share.
Majority shareholder Lloyds Banking Group, which owns a 60% stake in the business, may now be encouraged to sell following months of speculation.
After delivering strong full-year profits in 2009, SJP was understood to be keen to address shareholder concerns the company was not delivering to its potential while still majority-owned by Lloyds.
The results may also shift focus back towards SJP's performance following allegations a former senior partner was involved in a £4m fraud through a separate company.
Peter Carron is being investigated by City of London police over the suspected fraud through Primrose Associates, which has since been liquidated.
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