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LSE:SJP.L 11 February 2026

St. James’s Place share price sinks 9% as AI jitters hit wealth managers again

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.

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  • Lennar Projected Q3 Deliveries Fall Short Amid Sluggish Housing Market
    June 11, 2026, 6:27 PM EDT. Lennar Corp, one of the largest U.S. homebuilders, signaled third quarter deliveries will miss analyst estimates due to continued weakness in the housing market. Weak demand and elevated mortgage rates have pressured new home sales, leading Lennar to revise its outlook lower. The company cited a challenging environment as consumers grapple with affordability. Lennar's shares reacted to the announcement, reflecting investor concerns over the industry's near-term performance. The delivery miss underscores persistent headwinds facing homebuilders even as mortgage rates stabilize.

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