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REPEAT: Auto Trader Up To FTSE 100, Sabre To 250 As Randgold Bows Out

LONDON (Alliance News) - Motor market place Auto Trader Group PLC will be promoted to the FTSE ...

Alliance News 24 December, 2018 | 2:01PM
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LONDON (Alliance News) - Motor market place Auto Trader Group PLC will be promoted to the FTSE 100 index of London blue-chips from the FTSE 250, effective next Monday, replacing Randgold Resources Ltd.

Randgold is being delisted as a result of its acquisition by Canada's Barrick Gold Corp. Last week, Randgold said the pair had secured their last major milestone for the deal, after a Jersey court approved the scheme combining the two gold mining firms.

In September, London and NASDAQ-listed Randgold and New York and Toronto-listed Barrick proposed a merger which will create a USD18 billion gold mining giant to be named Barrick Group.

As a result of Auto Trader's promotion from the FTSE 250, motor insurer Sabre Insurance Group will be promoted to the index of London mid caps, index owner FTSE Russell said on Monday.

Auto Trader closed flat on Monday at 438.90 pence, giving it a market capitalisation of GBP4.12 billion, while Sabre Insurance ended up 0.4% at 267.00p for a GBP688 million market cap.

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Sabre Insurance Group PLC 284.00 GBX 1.07 -
Randgold Resources Ltd
Auto Trader Group PLC 528.20 GBX 1.66 -

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Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

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