FTSE reshuffle: Who’s in and who’s out of the blue-chip index – Morrisons, Sports Direct, Aberdeen Asset Management, Paddy Power Betfair, Informa, Mediclinic International
Supermarket Morrison's has stormed back into the FTSE 100, having only been given the boot in the index's last quarterly review.
News of a tie up with Amazon gave the big four grocer the boost it needed, sending its share price to 205.4p, up around 10 per cent on the week.
Morrison's will be joined in the blue-chip index by intelligence company Informa, Mediclinic International, and recently merger bookies Paddy Power Betfair.
On the other side, falling out of the FTSE 100 and into the second tier FTSE 250 are emerging market focused Aberdeen Asset Management, Hikma Pharmaceuticals, Smiths Group and scandal embroiled Sports Direct.
Good news for Kaz Minerals, Mccarthy & Stone, Paysafe Group and Softcat: all of whom have now entered the FTSE 250.
However, 888 Holdings, Enterprise Inns, Nostrum Oil & Gas and Poundland Group have crashed out of the second tier index.