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- Informa, Mediclinic International, Morrison (Wm) Supermarkets and Paddy Power Betfair to join FTSE 100
- Aberdeen Asset Management, Hikma Pharmaceuticals, Smiths Group and Sports Direct International to enter FTSE 250 in rebalance
FTSE Russell, the global index provider, confirms today that Informa, Mediclinic International, Morrison (Wm) Supermarkets and Paddy Power Betfair will be joining the FTSE 100 Index. In the rebalance, Aberdeen Asset Management, Hikma Pharmaceuticals, Smiths Group and Sports Direct International will leave the UK’s leading index and enter the FTSE 250 Index.
The changes announced today are part of the impartial quarterly reviews endorsed by the independent FTSE Russell Europe, Middle East and Africa (EMEA) Regional Equity Advisory Committee. The rules-driven 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:
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
- Croda International
- Rightmove
- Smith (DS)
- Smiths Group
- William Hill
All changes from this review will be implemented at the close of business Friday, 18 March 2016 and take effect from the start of trading on Monday, 21 March 2016.
A link to the full technical notice can be found here.
