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Easyjet and London Stock Exchange to join FTSE 100 index | Easyjet and London Stock Exchange to join FTSE 100 index |
(35 minutes later) | |
No-frills airline Easyjet and the London Stock Exchange (LSE) have been promoted to the FTSE 100 index. | |
The FTSE 100 is the index of the biggest firms listed in London although they are not necessarily British. | The FTSE 100 is the index of the biggest firms listed in London although they are not necessarily British. |
As a result of the regular quarterly review of the index, the mining company Kazakhmys and the shopping centre management company Intu Properties will leave the FTSE 100. | As a result of the regular quarterly review of the index, the mining company Kazakhmys and the shopping centre management company Intu Properties will leave the FTSE 100. |
The changes will take effect from the start of trading on Monday 18 March. | The changes will take effect from the start of trading on Monday 18 March. |
Membership of the FTSE 100 may be good for a company's share price because some funds such as index trackers have to own all of the shares in the index. | |
It will be the first time that Easyjet has made it into the blue-chip index, while the LSE is returning after a nearly three-year absence. | |
Both companies have seen their share prices rise by more than 40% since the last index review three months ago. | |
Easyjet has been helped by rising passenger traffic while the LSE has benefited from growing trading volumes. |
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