Slough Estates, the property investment and development company, will enter the FTSE 100 at the close of business on Friday 28th July, following the merger of FTSE 100 companies Boots Group and Alliance UniChem.
Slough Estates is the largest company by market capitalisation at tonight’s close on the FTSE 100 reserve list, created at the last UK index series review in June. The company’s exit from the FTSE 250 means that consultancy firm RPS Group moves up from the FTSE SmallCap to the mid cap index.
Reserve lists are created for the FTSE 100 and FTSE 250 indices at each quarterly review, to give investors advance notice of which companies will be used should a corporate action arise. The next UK quarterly review is on Wednesday 6th September.
Boots Group is an original constituent of the FTSE 100 from when the index launched in 1984.
For more information on the UK review process, please go to www.ftse.com/media/ukreview