FTSE Group (“FTSE”) confirms today that Royal Mail and Ashtead Group will be joining the FTSE 100 Index. In the rebalance, Croda International and Vedanta Resources will leave the UK’s leading index and enter the FTSE 250 Index.
The changes announced today are part of the impartial quarterly reviews approved by the independent FTSE Europe, Middle East and Africa Regional (EMEA) Committee. The rules-driven reviews ensure the indices continue to portray an accurate reflection of the market they represent, and form an essential component to the management of the indices.
The FTSE 250 Index will see the following changes (in alphabetical order):
|
Entering FTSE 250 Index |
Exiting FTSE 250 Index |
|
Carphone Warehouse Group Foxtons Group Grafton Group JD Sports Fashion Merlin Entertainments Riverstone Energy
|
Carpetright Chemring Group Dialight Greggs Hochschild Mining Menzies (John) Schroder Asia Pacific Fund |
FTSE operates a reserve list for the FTSE 100 Index, to be used in the event of a corporate action occurring between reviews e.g. merger, acquisition, delisting or suspension. In such cases, the reserve list constituent with the largest market capitalisation (on the date of the corporate action) will replace the outgoing constituent. With immediate effect, the following reserve list for FTSE 100 will be used (in alphabetical order):
- 3i Group
- Berkeley Group Holdings
- Direct Line Insurance Group
- Inmarsat
- Merlin Entertainments
- Taylor Wimpey
