St James's Place (SJP) 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 60% 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.
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