FTSE Completes Final Index Review Of 2001

The final FTSE index reshuffle of 2001 was confirmed this afternoon at the regular quarterly FTSE Committee meeting. Only one company change will be made to the UK's blue chip FTSE 100 index, while the FTSE 25O, the UK mid cap index, will have seven company changes.

P & O Princess Cruises will move into the FTSE 100, gaining its place at the expense of GKN. Former FTSE 100 companies, Psion and Thus were promoted back into the FTSE 250, following a relegation to the FTSE SmallCap earlier this year. Other companies moving into the FTSE 250 are Eurotunnel, London Bridge Software Holdings, Yule Catto & Co, Torex and Filtronic.

The annual review of the FTSE SmallCap index was also confirmed at the meeting this afternoon. The Committee has set the market capitalisation threshold for entry to the index at £60 million. This threshold means that the FTSE All-Share will consist of 723 stocks, representing 99% of the investible market capitalisation of the UK.

All changes announced today will be applied to the indices at the close of business on Friday 21 December. Full details of all decisions made by the Committee this afternoon appear in a technical notice at www.ftse.com from 1630 tonight.