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.

Turning back to the mid-caps, six FTSE 250 companies are eligible for potential demotion into the FTSE Small Cap Index: EnQuest (ENQ), Fenner (FENR), Ferrexpo (FXPO), Foxtons Group (FOXT), Hochschild Mining (HOC) and Spirent Communications (SPT). As such, in order to balance the index, Allied Minds (ALM), CLS Holdings (CLI), GAME Digital (GMD) and Greggs (GRG) could find themselves promoted to the mid-cap index. 

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Allied Minds PLC16.50 GBX3.13
Barratt Developments PLC503.60 GBX-0.59Rating
CLS Holdings PLC230.00 GBX1.32
EnQuest PLC29.25 GBX-10.41
Ferrexpo PLC175.90 GBX0.74
Foxtons Group PLC36.10 GBX-2.43
Greggs PLC2,240.00 GBX0.36
Hochschild Mining PLC115.30 GBX2.22
IMI PLC1,366.00 GBX1.86
Petrofac Ltd147.80 GBX-1.73
Spirent Communications PLC232.20 GBX2.56
Taylor Wimpey PLC130.25 GBX-0.69

About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites