.jpg)
FTSE Group confirms that Cairn Energy, Kelda Group, TUI Travel, FirstGroup, G4S, Admiral Group, and Thomas Cook Group will all enter the FTSE 100 as a result of today’s review of the FTSE UK Index Series. Moving from the FTSE 100 to the FTSE 250 are Tate & Lyle, Daily Mail, Mitchells & Butlers, Punch Taverns, DSG International, Barratt Developments, and Northern Rock.
Entering the FTSE 250 are – International Ferro Metals, JP Morgan Indian Investment Trust, Connaught, Chloride Group, Dignity, Telecity Group, and Aricom.
The changes to the indices were approved today at the quarterly review of FTSE’s UK Index series, 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 representation of the UK’s investable market capitalisation - essential as they form the basis of many pension funds and investment portfolios.
The FTSE 100 reserve list will contain Amec, Burberry Group, Drax Group, Easyjet, Alliance Trust and Templeton Emerging Markets Investment Trust. Reserve lists are created at each quarterly review, and contain the next six companies ranked in order of market capitalisation below the FTSE 100. Reserve list stocks are used to maintain the index at 100 companies, should that number be reduced as a result of corporate actions between quarterly reviews.
Each December the market cap threshold for the bottom of the FTSE All-Share is reviewed. The minimum size for constituents of the FTSE All-Share will be set at £ GBP 77.96 million, with a band of 15% either side for companies being promoted or demoted from the index.
All changes confirmed at today’s review take effect from the start of trading on Monday 24th December. A complete list of all review changes approved today can be found at www.ftse.com
