Rentokil And Schroders Exit FTSE 100

Rentokil and Schroders will exit the FTSE 100 after more than ten years following FTSE Group’s (FTSE’s) latest UK index series review. Insurer Standard Life, which listed on the London Stock Exchange in July, will enter the FTSE 100 and be joined by fund manager Resolution, which will be promoted from the FTSE 250.

Asset management company Schroders has been in the FTSE 100 since September 1994, while pest control company Rentokil has been in the index since 1991.

Southern Cross Healthcare, the residential care home company, is a new listing which will join the FTSE 250, while military contractor Chemring Group will also join the mid cap index, being promoted from the FTSE SmallCap. Interserve, SCI Entertainment Group and GCAP Media will all be demoted to the FTSE SmallCap.

Any changes to the FTSE UK index series will be implemented at the start of business on Monday 18th September 2006.