- Renishaw and Weir Group to join FTSE 100
- Five changes to the FTSE 250
FTSE Russell, the global index provider, confirms today that Renishaw and Weir Group will be joining the FTSE 100 Index as a result of the March 2021 quarterly review. In the rebalance, Morrison (Wm) Supermarkets and Pennon Group 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
Bytes Technology Group
Chrysalis Investments
Dr Martens
Morrison (Wm) Supermarkets
Pennon Group
Exiting FTSE 250 Index
BMO Commercial Property Trust
NextEnergy Solar Fund
Petrofac
Renishaw
Weir 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, 19 March 2021 and take effect from the start of trading on Monday, 22 March 2021.
A link to the full technical notice can be found here.
