Editor's view: Wizards in Cirencester as SJP bounces back

If so, they may have been on the way to wrestle the elixir of life back from St James's Place (SJP). Scandal-smashed SJP bounced back into action on Tuesday, with its share price rising 25% on news of a massive cost-cutting endeavour.  The revival follows a tragic rather than magic few months in which the wealth management giant took a stock market pummelling. A key driver of that pain, last February it stashed aside more than £425m to pay back clients who may not have received advice they paid for. Some of that staggering sum will be recouped from partner firms. In an investor ...