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.”