First FTSE Reshuffle Since Sell-Off Ousts Travel Stocks

Four companies, including cruise giant Carnival and airline easyJet, have been ejected from the FTSE 100 as the Covid-19 crisis changes the make-up of UK plc

James Gard 3 June, 2020 | 10:32AM

Arrows left and right

Cruise giant Carnival (CCL) and budget airline easyJet (EZJ) have been ejected from the FTSE 100 in the latest quarterly index reshuffle, as the effects of the Covid-19 crisis continue to weigh heavily on the travel sector.

British Gas-owner Centrica (CNA) and engineering firm Meggitt (MGGT) have dropped from the FTSE 100 into the FTSE 250. Companies set for promotion, meanwhile, are ones that have benefited from the recent economic disruption and changes to consumer behaviour. Online security firm Avast (AVST), has earned promotion into the top flight along with home repairs company Homeserve (HSV), B&Q owner Kingfisher (KGF) and gambling firm GVC (GVC).

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James Gard  is content editor for Morningstar.co.uk

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