- ITV to join FTSE 100
- Five changes to the FTSE 250
FTSE Russell, a leading global index provider, confirms today that ITV will be joining the FTSE 100 Index as a result of the June 2021 quarterly review. In the rebalance, Renishaw 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):
Entering FTSE 250 Index
Auction Technology Group
Moonpig Group
Renishaw
Spire Health Group
Trustpilot Group
Exiting FTSE 250 Index
Foresight Solar Fund
ITV
JLEN Environmental Assets Group
Provident Financial
Sabre Insurance Group
Effective from the December 2020 quarterly review of the FTSE UK Index Series, the reserve lists for the FTSE 100 Index and the FTSE 250 Index will no longer be published or utilised in order to select a replacement company triggered by intra-quarter deletions.
Instead, replacement companies to the FTSE 100 and FTSE 250 will be selected by ranking the existing constituents of the FTSE All-Share index - with the highest-ranking company not included within the applicable index serving as the replacement.
All changes from this review will be implemented at the close of business on Friday, 18 June 2021 and take effect from the start of trading on Monday, 21 June 2021.
A link to the full technical notice can be found here:
* Royal Mail, which featured in the FTSE 100 indicative changes press release issued on 25 May 2021, entered the FTSE 100 index on 28 May 2021 as a direct result of the deletion of RSA Insurance Group at this date. In the event of corporate actions such as mergers and acquisitions, the highest-ranking company not currently included within the applicable index serves as the replacement.
