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(Alliance News) - FTSE Russell late Tuesday indicated that, ahead of next week's quarterly UK index review, airline easyJet PLC could once again fly into the FTSE 100 index, with veterinary products company Dechra Pharmaceuticals PLC bumped out in the process.
easyJet first joined the FTSE 100 in 2013 before being demoted in June 2019. It rejoined the blue-chip index in December of that year to drop out again in June 2020 as the pandemic took its toll on the travel industry. The budget airline has remained in the FTSE 250 ever since.
Meanwhile, Dechra entered the FTSE 100 for the first time in December last year.
There could be a raft of changes made within the FTSE 250, FTSE Russell indicated, with Clipper Logistics PLC, Restaurant Group PLC, Ruffer Investment Company PLC, Standard Life Private Equity Trust PLC, Temple Bar Investment Trust PLC and Urban Logistics REIT PLC all poised for promotion.
These firms would be replacing current mid-cap stocks Baillie Gifford Shin Nippon PLC, Capita PLC, Cineworld Group PLC, Hochschild Mining PLC, NCC Group PLC and Trustpilot Group PLC.
FTSE Russell gave these indicative changes based on data from Friday last week. The actual quarterly FTSE index review will use data from next Tuesday's close, with confirmed rebalance changes announced after the market close on Wednesday next week, March 2 - meaning the actual results of the review could differ from these indicative changes.
The index changes will be effective on Monday, March 21.
By Lucy Heming; lucyheming@alliancenews.com
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