Shares in wealth manager St James’s Place (STJ) slumped 12% to £12.74 on fears AI could disrupt its business. The FTSE 100 firm was among a group of European asset managers suffering losses including France’s Amundi and Germany’s DWS. Share price: £12.74 (-12%) PE: 19.5x Market cap: £6.6bn Yield: 1.4% Broad sell-off After software companies … Continue reading St James’s Place slumps 12% on AI fears