FTSE quarterly review: Inmarsat’s share price tumbles ahead of expected relegation
Inmarsat’s share price fell nearly four per cent today ahead of its expected demotion from the FTSE 100.
The satellite services company is set to be replaced in the FTSE 100 by Hikma Pharmaceuticals.
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While Inmarsat’s share price dropped to 719.5p, Hikma, which was forced out of the FTSE 100 in March, saw its shares jump three per cent to 2,298p.
Other companies under pressure ahead of the quarterly reshuffle, including Alton Towers operator Merlin Entertainments, look set to beat the drop.
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The results of the reshuffle will be confirmed by the London Stock Exchange on Wednesday.
Meanwhile, Metro Bank, CMC Markets and publisher Ascential are among those expected to jump into the FTSE 250, with the likes of Jimmy Choo, Interserve and Northgate set to drop out.
FTSE quarterly review
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