FTSE Group (“FTSE”) confirms today that Ferrexpo, Enterprise Inns, ITV and Carphone Warehouse will leave the FTSE 100 and be replaced by mining company Fresnillo, satellite operator Inmarsat, software company Autonomy and transport company Stagecoach.
In the mid cap FTSE 250 index, BH Global and Synergy Health will enter, while HSBC Infrastructure, Babcock & Brown Public Partnerships, Thames River Multi Hedge PCC, Axon, Elementis and Eaga will move up from the FTSE SmallCap into the FTSE 250. This means Quintain Estates, Southern Cross, Advance Developing Markets, Headlam, Morgan Sindall, Northgate, Speedy Hire, Workspace and Galiform will leave the FTSE 250 and go into the FTSE SmallCap.
The changes to the indices will take place following FTSE’s UK Index Series quarterly review, which is carried out by the independent FTSE Europe, Middle East and Africa regional committee. The regular index reviews ensure the indices remain an accurate reflection of the market they represent - essential as they form the basis of many pension funds and investment portfolios.
All changes from this review take effect from the start of trading on Monday 22nd September.
