Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

St. James's Place on the brink of entering the FTSE 100

St. James's Place on the brink of entering the FTSE 100

St.James’s Place (SJP) is on the verge of entering the FTSE 100 for the first time.

The financial services group is one of two companies being put forward for inclusion at the next quarterly rebalancing of the blue chip index, alongside Barratt Developments, the FTSE Group confirmed.

The final decision will be made by the FTSE EMEA Committee after the market close today. If successful, the move will be made effective after the market close on 21 March and it will begin trading on the FTSE 100 on Monday 24 March.

St. James’s Place’s, led by chief executive David Bellamy (pictured), has seen its share price surge by more than 73% over the last 12 months as the company emerged as one of the big winners from the retail distribution review. It is widely held by fund managers, including the AA-rated pair Threadneedle’s Simon Brazier and Rathbones’ Julian Chillingworth along with Franklin Templeton’s A-rated Colin Morton.

.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Nick Hayes: finding good bonds in negative yield world

Nick Hayes: finding good bonds in negative yield world

Why do some bonds offer 'negative yields' and how do you avoid them? Nick Hayes of AXA Investment Managers explains.

Play Neil Gregson: gold is prettiest in ugly contest

Neil Gregson: gold is prettiest in ugly contest

The JP Morgan Natural Resource fund manager talks about the prospects for gold with plenty of uncertainty in the global economy.

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter