St. James’s Place’s share price experienced its biggest daily jump since 2008, after the wealth management company set out a cost-saving programme.

The London-listed company said on 30 July that it aims to save around £100m a year by 2027 through its cost-reduction programme, which it expects will cost around £80m in 2025 and 2026. It hopes cumulative net savings will reach around £500m through 2030.