Wealth manager co-founded by Jacob Rothschild sees stock-market slide

Shares in St. James Place, the wealth manager that was partly founded by Jacob Rothschild, fell as much as 34% on Wednesday after taking a £426 million ($539 million) provision for potential client refunds as it slashed its dividend.

Wealth manager co-founded by Jacob Rothschild sees stock-market slide
Shares in St. James Place, the wealth manager that was partly founded by Jacob Rothschild, fell as much as 34% on Wednesday after taking a £426 million ($539 million) provision for potential client refunds as it slashed its dividend.