Morrisons prepares for first day of trading on FTSE 250 along with G4S, while Worldpay gets ready for the blue chip index
Tomorrow will be Morrisons’ first day trading on the FTSE 250, after being demoted from the blue-chip index in the last quarterly review.
Security firm G4S and engineering firm Meggitt, will also have their first day of trading on the FTSE 250.
It will be a happier day for Worldpay, which will join the FTSE 100, despite only trading for a couple of months after its IPO in October. It was one of the most successful listings in 2015, claiming a market capitalisation of £5.28bn after its first day of trading.
Financial group Provident Financial and Irish services firm DCC will also have their first day trading on the FTSE 100. Autotrader, another of 2015’s IPO success stories is on the reserve list and will move up if another company is suspended for a merger or delisted.
After 15 years at the top, Morrisons has been losing market share all year as the price war with discounters Aldi and Lidl continues in the battle to win customers. Its share price has fallen by 13 per cent over the last 12 months, giving it a market capitalisation of £3.53bn.