24th Feb 2026 19:13
(Alliance News) - IG Group Holdings PLC and Tritax Big Box REIT PLC are set to replace easyJet PLC and Rightmove PLC in the FTSE 100, according to indicative index changes published by FTSE Russell late Tuesday.
The actual review of the FTSE UK Index Series will be conducted using data available at market close on March 3. The confirmed changes will be announced after market close on March 4.
London-based provider of online trading platforms IG has seen its share rise 37% over the past year. In December, IG increased its share buyback programme, which started in September, to GBP200 million from GBP125 million before. IG expects the programme to be completed by the end of March.
Further share buybacks will be considered at the time of 2025 results it said.
The announcement follows an encouraging trading update for the three months to November 25. IG reported organic trading revenue of GBP270.7 million in the period, up 29% on the prior year and up 17% on the prior quarter, with growth broad-based across all major product categories.
For 2025, IG expects to report total revenue of GBP1.10 billion, an increase of around 5% on the prior year.
Shares in Tritax are up 18% over the past year. Last month the real estate investment trust focused on 'big box' logistics properties said contracted rent climbed 15% to GBP360.9 million in 2025 from GBP313.5 million in 2024.
The loan to value was 33% at December 31, compared to 29% a year prior.
At the time, Chief Executive Officer Colin Godfrey called 2025 "a transformational year," adding that the company is "well positioned to deliver on our ambition to grow adjusted earnings by 50% by the end of 2030."
Tritax reports full year results on Friday.
easyJet shares have declined 4.4% in the past 12 months. The move comes after the low-cost airline recorded a worse than expected first quarter loss.
In January, easyJet reported a headline pretax loss of GBP93 million in the three months to December, stretched from GBP61 million the year prior, and above GBP88 million Bloomberg consensus.
While the company highlighted strong bookings for the summer season, it said increased investment meant losses widened in its first quarter.
Rightmove is set to publish 2025 results on Friday. According to company-compiled consensus, Rightmove is expected to publish revenue of GBP425.6 million for 2025, up 9.2% from GBP389.9 million in 2024. Operating profit is anticipated at GBP288.3 million, up 12% from GBP256.3 million in 2024, with the range between GBP281.5 million and GBP291.9 million.
The Financial Times-cited consensus is for Rightmove to announce a total dividend per share of 10.53 pence, up 7.4% from 9.8 pence in 2024.
However, shares have fallen 35% over the past 12 months. The company last year said first half enquiries per available property stood at 11, down 35% from 17 a year prior.
Joining the FTSE 250 are CVS Group PLC and the Schiehallion Fund Ltd.
Norfolk, England-based provider of veterinary services CVS has seen its shares rise 33% over the past year. Last month its welcomed government proposals for the pet care sector, believing reforms "will help strengthen consumer confidence in the profession".
Schiehallion shares are up 50% over the past 12 months. In December, the Guernsey-based investment fund said the reported USD1.5 trillion valuation of Elon Musk's SpaceX had boosted its net asset value.
NAV per share was 171.72 US cents on December 16, up from 160.88 US cents on November 28, when it last reported its NAV. Space X is now 14.0% of its portfolio, up from 7.5% in November.
Leaving the FTSE 250 are NCC Group PLC and Pinewood Technologies Group PLC.
Shares in Manchester, England-based cybersecurity and software escrow business NCC are down 0.3% over the past year and down 13% in the last six months.
Shares in Pinewood, a Birmingham, England-based firm provides software for automotive sellers, are down 13% over the past year and 42% over the past six months.
The company last week announced that former suitor Apax Partners LLP no longer intends to make an acquisition offer.
By Aidan Lane, Alliance News reporter
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Related Shares:
easyJetIGTritax Big BoxRightmoveCVS GroupThe Schiehalli.NccPinewood Technologies Group