St James's Place is set to make its inaugural entry into the FTSE 100 when the index's quarterly review takes place later today.
The wealth manager, which was 56% owned by Lloyds Banking Group until last year, has seen its share price surge over the past 12 months, making it a prime candidate for inclusion. The company's shares have risen almost 75% over the past year under the management of CEO David Bellamy (pictured). SJP will join Barratt Developments in being put forward for inclusion at the quarterly rebalancing, which will come into force on Monday 24 March, according to the FTSE Group.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
