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SJP promoted to FTSE 100

St James’s Place is join the FTSE 100 Index, following confirmation that the company is now ranked 90th in the UK in terms of market capitalisation.

The FTSE Group has today confirmed SJP’s inclusion in the index, a move first tipped yesterday.

SJP is currently valued at £4.5bn, with a share price of £8.63 as of 9.15am today.

The company’s share price has surged in the past year as former majority shareholder Lloyds sold down its stake in three stages.

A FTSE spokeswoman said yesterday: “Based on the indicative positions, as of Monday 3 March, St James Place were eligible for potential entry into the FTSE 100 index as their market capitalisation was ranked 90th position or above in the FTSE 100.”

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  1. Doesn’t this just reflect all that is wrong with the UK? Daily we see articles and reports telling us how we need to produce more, to export more, to improve our infrastructure.
    So what gets chucked out of the FTSE? AMEC the Oil, gas and Infrastructure engineer – a significant exporter. And Tate & Lyle –who contrary to popular belief don’t only produce sugar products, but many food additives and are also significant exporters.
    What replaces these vital firms? A rather louche firm of financial advisers. That just shows where our priorities lie. One could weep. Compare the DAX with 13% in financial services to the FTSE 100 with 19% in the money shuffling business and you begin to see why Germany is so much more successful. They have 20% of their index in manufacturing and engineering compared to our derisory 9%.

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