St. James’s Place Stock Falls as Reporting Changes Leave Profit Outlook Intact
St. James’s Place shares fell on Thursday as the British wealth manager set out a simpler framework for reporting earnings. The stock was down about 2% at 1,144p shortly before 1500 BST. The decline was somewhat steeper than the wider London market, although it did not come in isolation. The FTSE 100 was down 0.87% at 1345 GMT as miners and financial stocks weakened after the Bank of England kept rates at 3.75% and the U.S. Federal Reserve struck a more hawkish tone.