5th Jun 2024 20:17
(Alliance News) - Ocado Group PLC has been relegated from the FTSE 100 in the latest quarterly reshuffle which sees promotions for technology firm Darktrace PLC, housebuilder Vistry Group PLC and property company LondonMetric Property PLC.
Also heading out of London's blue-chip index are wealth manager, St James's Place PLC, and distributor of industrial and electrical products, RS Group PLC, according to changes announced by FTSE Russell on Wednesday.
Shares in Ocado have plunged 51% so far this year, while St James's Place has shrunk 21% and RS has slid 15%.
Darktrace's promotion may be short-lived. In April, the Cambridge, England-based cybersecurity provider agreed to an all-cash takeover offer worth USD5.32 billion from funds managed by private equity firm Thoma Bravo.
There are a host of other changes in the FTSE 250, with financial services firm Alpha Group International PLC, pensions consulting and administration services firm XPS Pensions Group PLC and waste management outfit Renewi PLC promoted to the mid-cap index.
But iron ore pellets producer Ferrexpo PLC, National Express owner Mobico Group PLC, and investment fund Octopus Renewables Infrastructure Trust PLC have been demoted from the FTSE 250.
FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 24, after completing its quarterly review.
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FTSE 100 Additions:
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Darktrace
LondonMetric Property
Vistry Group
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FTSE 100 Deletions:
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Ocado Group
RS Group
St James's Place
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FTSE 250 Adds:
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Alpha Group International
Ocado Group
Renewi
RS Group
St James's Place
XPS Pensions Group
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FTSE 250 Deletes:
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Darktrace
Ferrexpo
LondonMetric Property
Mobico Group
Octopus Renewables Infrastructure Trust
Vistry Group
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By Jeremy Cutler, Alliance News reporter
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