St. James’s Place share price sinks 9% as AI jitters hit wealth managers again
St James’s Place shares dropped about 9% to 1,318 pence in early London trading Wednesday, extending a two-day slide amid renewed fears over AI-driven disruption in financial services. The selloff follows similar moves in U.S. brokerage stocks after new AI tax tools were announced. Investors await the group’s Feb. 25 results for updates on client flows and cash returns.
