- Quarterly index changes this week
- Three new names to join FTSE 100
- Four new stocks to join FTSE 250
This Wednesday, FTSE Russell – part of the London Stock Exchange Group (LSEG) – will announce the results of its latest quarterly index review.
This includes potential changes to the FTSE 100, FTSE 250 and FTSE Small-Cap indices which will become effective from the start of trading on 23 December.
WHO’S BEEN PROMOTED AND DEMOTED?
There are expected to be quite a few changes this time round, with Games Workshop (GAW), St James’s Place (STJ) and newly-created Alliance Witan (ALW) moving up from the FTSE 250 to the ‘premier league’ FTSE 100 index.
All three have a market cap of more than £4.5 billion, which is roughly the level needed for promotion to the large-cap benchmark, after gains year-to-date of 43%, 37% and 16% respectively.
Moving to the FTSE 250 from the small-cap market are expected to be Deliveroo (ROO), Diversified Energy (DEC), Mobico (MCG) and Oxford Nanopore Technologies (ONT).
Facing demotion from the FTSE 100 are B&M European Value Retail (BME), whose shares are down 38% year-to-date, Frasers (FRAS) down 17% year-to-date and Vistry (VTY) down 28% year-to-date.
Losing their place in the FTSE 250 mid-cap rankings are Ceres Power (CWR), down 9% year-to-date, and Close Brothers (CBG) down 71% year-to-date.
The index changes are based on the closing prices on Tuesday evening, and the next review takes place on 5 March 2025.
