FTSE Group (“FTSE”) confirms today that Alliance and Leicester, Persimmon, Home Retail Group and Tate & Lyle will leave the FTSE 100 and be replaced by global group Invensys, mining company Ferrexpo, oil services firm Petrofac and power station operator Drax Group.
In the mid cap FTSE 250 index, BH Macro (EUR/ GBP), Heritage Oil, Domino’s Pizza and Mecom Group will enter, while Salamander Energy, Domino Printing Sciences, Advance Developing Markets, JP Morgan Fledgling Euro Investment Trust and Detica Group move up from the FTSE SmallCap into the FTSE 250. This means Real Estate Opportunities, Redrow, Marshalls, Eaga, Assura, Collins Stewart, Capital & Regional, AGA Rangemaster Group, and Findel will leave the FTSE 250 and go into the FTSE SmallCap.
The changes to the indices are to take place following FTSE’s UK Index Series quarterly review, which is carried out by the independent FTSE Europe, Middle East and Africa regional committee. The regular index reviews ensure the indices remain an accurate reflection of the market they represent - essential as they form the basis of many pension funds and investment portfolios.
The FTSE 100 reserve list to be used in between index reviews will contain Pennon Group, Serco Group, Inmarsat, Burberry Group, Balfour Beatty and Foreign and Colonial Investment Trust, Reserve lists are created at each UK quarterly review, and contain the next six companies ranked in order of market capitalisation below the FTSE 100. Reserve lists are used in between index reviews in the event of corporate actions or mergers which impact the index.
All changes from this review take effect from the start of trading on Monday 23rd June.