G4S Back in FTSE 100

G4S will be rejoining the FTSE 100 in the latest reshuffle, while department store Debenhams will be losing its place in the FTSE 250, as is the electrical appliance retailer, AO World.

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shareprices.com - Thursday, June 01, 2017

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Debenhams is working through an investment programme which will see some stores and warehouses temporarily close, and this has hampered share prices. The changes to the FTSE 100 and FTSE 250 listings will come into effect o the 19th of June, and will see the property firm Segro promoted to the FTSE 100, while Intu Properties and Hikma Pharmaceuticals will be demoted to the FTSE 250.

Meanwhile, Melrose Industries, a company specialising in turnarounds, and Coats Groups - a thread manufacturer - will be promoted to the FTSE 250. Melrose Industries recently announced that it will be giving out a £144 million bonus package, which will be split between four of its top executives.

Also due to join the FTSE 250 are Sirius Minerals, a fertiliser company, as well as hedge fund Pershing Square Holdings, the IT services firm FDM Group, and TBC Bank. To make room for those companies, Allied Minds, Keller, SVG Capital and BH Macro will be getting demoted out of the FTSE 250.

This is the latest quarterly review of the FTSE 100 and FTSE 250. The indexes are adjusted four times a year and the listings are based on each company’s market capitalization, with companies being promoted or demoted based on their relative value compared to others in the index.

 

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