- Two changes to the FTSE 100
- Hiscox and Spirax-Sarco Engineering to join FTSE 100
- Eight changes to the FTSE 250
FTSE Russell, the global index provider, confirms today that Hiscox and Spirax-Sarco Engineering will be joining the FTSE 100 Index as a result of the December 2018 quarterly review. In the rebalance, Just Eat and Royal Mail will leave the FTSE 100 index and enter the FTSE 250 index.
The rules-driven, impartial quarterly reviews ensure the indexes continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indexes.
The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above.
Entering FTSE 250 Index
Acacia Mining
Aston Martin Lagonda Global Holdings
Funding Circle Holdings
McCarthy & Stone
Smithson Investment Trust
Woodford Patient Capital
Exiting FTSE 250 Index
AA
Keller
Kier Group
On The Beach Group
Spire Healthcare Group
Thomas Cook Group
FTSE Russell operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews e.g. merger, acquisition, delisting or suspension. In such cases, the reserve list constituent with the largest market capitalisation (on the date of the corporate action) will replace the outgoing constituent. With immediate effect, the following reserve list for FTSE 100 will be used (in alphabetical order):
- Auto Trader Group
- Aveva Group
- Hikma Pharmaceuticals
- Jardine Lloyd Thompson Group
- Just Eat
- Meggitt
All changes from this review will be implemented at the close of business on Friday, 21 December 2018 and take effect from the start of trading on Monday, 24 December 2018.
A link to the full technical notice can be found here
