UK's Impax Asset Management hits over 7-year low on weak FY outlook

Impax Asset Management Group IPX.L plunges as much as 20% to 121p, lowest since September 2017; among top pct losers across London

British investment manager forecasts FY profit below market estimates, hurt by 26% fall in managed assets as of March-end and impact of escalating trade war

CEO Ian Simm says, "Market conditions in the second half of FY25 remain highly uncertain"

Co says net inflows affected after St. James's Place SJP.L terminated a 5.1 bln-pound ($6.5 bln) mandate and closure of small number of accounts within its institutional channel

IPX last down 17.5%, taking YTD losses to ~50%

($1 = 0.7823 pounds)