Hammerson, McCarthy & Stone Could Rejoin FTSE 250 In Upcoming Review

(Alliance News) - FTSE Russell late Tuesday indicated that, ahead of next week's UK index review, ...

Alliance News 25 November, 2020 | 7:55AM
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(Alliance News) - FTSE Russell late Tuesday indicated that, ahead of next week's UK index review, Hammerson PLC, McCarthy & Stone PLC and Temple Bar Investment Trust PLC all could rejoin the FTSE 250 index of London mid-cap stocks.

Based on Friday's data, FTSE Russell signalled no changes to the blue-chip FTSE 100.

Hammerson, McCarthy & Stone and Temple Bar Investment Trust are set to enter the FTSE 250, based on Friday's data, while James Fisher & Sons PLC, Greencore Group PLC and Petrofac Ltd are on track to drop out.

Hammerson and Temple Bar were both bumped from the FTSE 250 index in September, and McCarthy & Stone was demoted in June.

The FTSE index review will use data from next Tuesday's close, with confirmed rebalance changes announced after the market close on Wednesday, December 2 - meaning the actual results of the review could differ from these indicative changes.

FTSE Russell added that, effective from December's index review, reserve lists for the FTSE 100 and FTSE 250 will no longer be published or used to selected a replacement company triggered by intra-quarter deletions.

"Instead, replacement companies to the FTSE 100 and FTSE 250 will be selected by ranking the existing constituents of the FTSE All-Share index - with the highest-ranking company not included within the applicable index serving as the replacement," explained the index provider, which is part of London Stock Exchange Group PLC.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Temple Bar Ord 246.56 GBX -0.78
Fisher (James) & Sons PLC 275.00 GBX 0.00 -
Greencore Group PLC 128.60 GBX -0.92 -
Hammerson PLC 26.28 GBX -1.57 -
Petrofac Ltd 23.32 GBX 0.43 -
London Stock Exchange Group PLC 8,974.00 GBX -0.69

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