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FTSE 100 rejig sees Morrisons return and Sports Direct leave | FTSE 100 rejig sees Morrisons return and Sports Direct leave |
(about 13 hours later) | |
Supermarket chain Morrisons is back in the FTSE 100, following a rise in its share price, just three months after leaving the top group. | Supermarket chain Morrisons is back in the FTSE 100, following a rise in its share price, just three months after leaving the top group. |
Other joiners include Informa, Mediclinic International and Paddy Power Betfair. | Other joiners include Informa, Mediclinic International and Paddy Power Betfair. |
Sports Direct, Smiths Group, Hikma Pharmaceuticals and Aberdeen Asset Management leave the ranking. | Sports Direct, Smiths Group, Hikma Pharmaceuticals and Aberdeen Asset Management leave the ranking. |
The list of top 100 companies is redrawn every three months to reflect changes in companies' market values. | The list of top 100 companies is redrawn every three months to reflect changes in companies' market values. |
A rise or fall in the share price is multiplied by the number of shares in issue to assess a companies' market worth. | |
Once a company enters the list, its share price can receive a further boost from index tracker investment, which has to include all the shares in the top 100, and other investment vehicles that favour the best-known and biggest company shares. | Once a company enters the list, its share price can receive a further boost from index tracker investment, which has to include all the shares in the top 100, and other investment vehicles that favour the best-known and biggest company shares. |
Sports Direct shares have been a poor performer this year, losing 27% since the start of the year. | Sports Direct shares have been a poor performer this year, losing 27% since the start of the year. |
Aberdeen Asset Management's shares have lost 10% since the start of 2016, as the fund management firm has been affected by a fall on emerging markets. | Aberdeen Asset Management's shares have lost 10% since the start of 2016, as the fund management firm has been affected by a fall on emerging markets. |
The changes will be implemented on 21 March. | The changes will be implemented on 21 March. |
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