Shoes and Booze: FTSE 250 Entrants

Jimmy Choo and Spirit Pub Company are set to join the mid-cap index, while housebuilders are poised to rejoin the FTSE 100

Holly Cook 1 December, 2014 | 12:53AM
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In true festive spirit, designer shoes and alcoholic beverages look set to be on the FTSE 250’s Christmas list this year. The final quarterly constituent rejig of 2014 will take place on the FTSE 100 and 250 indices after the market close on December 19th, with Jimmy Choo (CHOO) and Spirit Pub Co (SPRT) expected to start trading as new additions to the mid-cap index from December 22nd.

The recent oil price slump has hit oil exploration and production companies hard, resulting in Petrofac (PFC) being lined up for demotion from the FTSE 100 later this month. Engineering solutions firm IMI's (IMI) spot on the large-cap index is also under threat, the London Stock Exchange has confirmed.

Expected to replace Petrofac and IMI are Barratt Developments (BDEV) and Taylor Wimpey (TW.), illustrating the ongoing strength of the housebuilders as the UK's economic recovery continues and property prices soar against a backdrop of record-low interest rates.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Allied Minds PLC21.10 GBX-1.86
Barratt Developments PLC733.80 GBX0.41
CLS Holdings PLC250.50 GBX1.42
EnQuest PLC21.80 GBX5.06
Ferrexpo PLC441.60 GBX-2.47
Foxtons Group PLC58.80 GBX3.52
Greggs PLC2,580.00 GBX1.02
Hochschild Mining PLC170.60 GBX0.35
IMI PLC1,698.00 GBX0.12
Petrofac Ltd132.50 GBX-1.19
Spirent Communications PLC241.40 GBX1.86
Taylor Wimpey PLC167.90 GBX0.12

About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites

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