Feb 28, 09:45 AM
UK's St. James's Place Stock Plummets Over 30% Amid £426 Million Client Refunds Provision, Slashes Dividend Payouts
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St. James's Place, a UK wealth manager, reported a significant drop in shares by over 30% after setting aside £426 million for potential client refunds. The company also slashed dividend payouts and missed earnings estimates, leading to its lowest stock level in 11 years.
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Sources
Sky News
Join @IanKingSky for the latest business stories and stock market updates as shares of St James's Place - the UK's biggest wealth manager - have crashed by more than 32% hitting their lowest level in 11 years 👇📉 https://t.co/prr3WS6oeA
Financial Times It can still get worse for St James’s Place https://t.co/gVSY0ByVzj | opinion
Reuters Breakingviews St James’s Place mess may spark a Lloyds reunion - https://t.co/k8xAPZ5sDc - @aimeedonnellan https://t.co/e2ryBvATor
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