- Two changes to the FTSE 100
- Just Eat and Phoenix Group Holdings to join FTSE 100
- Five changes to the FTSE 250
FTSE Russell confirms today that Just Eat and Phoenix Group Holdings will be joining the FTSE 100 Index as a result of the March 2019 quarterly review. In the rebalance, GVC Holdings and Wood Group (John) will leave the FTSE 100 index and enter the FTSE 250 index.
The rules-driven, impartial quarterly reviews ensure the indexes continue to portray an accurate reflection of the market they represent and form an essential component to the management of the indexes.
The FTSE 250 Index will see the following changes (in alphabetical order), in addition to the amendments described above.
Entering FTSE 250 Index
Pets At Home Group
Wood Group (John)
Exiting FTSE 250 Index
Edinburgh Dragon Trust
Phoenix Group Holdings
FTSE Russell 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):
- Aveva Group
- Jardine Lloyd Thompson Group
- JD Sports Fashion
- Polymetal International
- Weir Group
All changes from this review will be implemented at the close of business on Friday, 15 March 2019 and take effect from the start of trading on Monday, 18 March 2019.
A link to the full technical notice can be found here
Lucie Holloway/ Nandeep Roopray - +44 (0)20 7797 1222
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