More Mining Stocks Enter FTSE 100 - FTSE Confirms Quarterly UK Review Changes

FTSE Group, the global index provider, has today confirmed that three companies will be promoted to the FTSE 100, increasing the number of mining stocks in the index to eight. Vedanta Resources and Lonmin, both mining companies, will be promoted to the FTSE 100 along with energy company Drax Group. Meanwhile Ladbrokes, Cable & Wireless and Daily Mail & General Trust will all leave the blue chip index, and be relegated to the FTSE 250.

Two new listings will enter the mid-cap FTSE 250 index, Debenhams and defence company Qinetiq. Joining them will be Wolfson Microelectronics, Britvic and PayPoint, all promoted from the FTSE SmallCap. These entries mean that iSOFT Group, JPMorgan Fleming Overseas Investment Trust, Telent, Yule Catto & Co and Euromoney Institutional Investors all fall into the FTSE SmallCap.

Changes to the FTSE UK indices were decided by the independent FTSE Europe, Middle East and Africa Committee at its meeting in London this afternoon. All changes from the review will take effect at close of business on Friday 16th June.