Corus Group, Brambles Industries and Cable & Wireless will be deleted from the FTSE 100 and will be replaced by Liberty International, British Airways and Whitbread.
Among the new additions to the FTSE 250 index are Lastminute.com, Wembley, Informa Group and Autonomy. Deletions from the FTSE 250 index include MyTravel Group, Fitness First, Amey and Cordiant Communications.
The annual review of the FTSE SmallCap index was also confirmed at the committee meeting. The committee has set the market capitalisation threshold for entry into the FTSE SmallCap index at £43.07 million. Deletions from the FTSE SmallCap index include Baltimore Technologies, Trafficmaster and Medisys.
Changes to the FTSE UK Index Series announced today will be applied to the indices after the close of business on Friday 20th December 2002. Full details of all additions and deletions to the FTSE UK Index Series approved by the FTSE committee today can be found on www.ftse.com.
FTSE Group is a world-leader in the creation and management of indices. With offices in London, Frankfurt, Hong Kong, Madrid, Paris, New York and San Francisco, FTSE Group services clients in 77 countries worldwide. It manages and develops globally recognised indices ranging from the FTSE All-World Index to the FTSE 100, the FTSE4Good indices and the recently launched FTSE Global Style Index Series. The company has collaborative arrangements with the Athens, Cyprus, Euronext, Johannesburg, London, Luxembourg, and Madrid exchanges, as well as with Nikkei of Japan (Nihon Keizai Shimbun, Inc) and Xinhua Financial Network of China.
FTSE indices are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indices to ensure that they are made objectively and without bias. Real-time FTSE indices are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
