** Shares of St James's Place SJP.L rise 3.5% to 1,304 p, among top gainers on London's FTSE 100 .FTSE, which is up 0.8%
** British wealth manager increases shareholder payout ratio to 70% of underlying cash profit
** SJP says FY funds under management grew 16% to 220.0 billion pounds ($297.37 billion)
** Co reports net inflows of 6.2 billion pounds vs 4.3 billion pounds a year ago
** Up to Tuesday's close, stock had fallen 9.03% YTD, compared with a 8.5% YTD increase in FTSE
($1 = 0.7398 pounds)
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))