FTSE 100 Index See’s St James’ Place Return & New Additions (ALW, GAW, STJ)

St James' Place, Alliance Witan, and Games Workshop officially entered the prestigious FTSE 100 index, marking their position among the largest listed companies in the UK. The index is largely trading sideways, with the range on the day so far around 10 points plus or minus from yesterday's close.

Alliance Witan's addition (LON: ALW) comes following the successful merger of Witan and Alliance Trust, which was approved by shareholders in early October. The newly formed entity, valued at approximately £5.15 billion, has seen it's share price gain 0.1% on the day, and hit new 52 week highs of 1,298 in trading.

The merger between Witan and Alliance Trust created Alliance Witan, adding substantial value to the UK financial market. This merger was part of a strategic move to consolidate resources and streamline operations, resulting in a significant boost in its market valuation. Alliance Witan's share price has added 16.82% on a YTD basis to earn it's inclusion.

St James’s Place shares (STJ) rejoins the FTSE 100 after a brief period of relegation in June. This re-entry highlights the resilience and adaptability of the organization in the face of market changes, with the stock recently having an impressive bullish run. STJ shares are now 32.36% up on the year, to mark the name out as a big outperformer on the UK market.

The inclusion of Games Workshop (GAW), known for its popular tabletop games, reflects the diversified nature of the companies represented in the FTSE 100. The GAW share price also hit new highs in trading today at 14,500, as year-to-date gains climbed to 44.49%.

The entry of Alliance Witan and other companies like St James’s Place and Games Workshop into the FTSE 100 marks a significant milestone in the UK's financial landscape. As these entities navigate the complexities of the market, their performance will be closely watched by investors and analysts alike.