UK pension provider STM slumps 30% after profit warning
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(Reuters) - Financial services provider STM Group said on Wednesday it expects its 2019 underlying earnings to fall by a third on weak performance in its pensions business, sending its shares plunging 30%. The company, listed on London's junior stock market , forecast an annual underlying pretax profit of 2.5 million pounds ($3.21 million), compared with 3.7 million pounds reported last year.The slowdown in business applications within its pensions segment was partly due to some uncertainties..