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Barratt Developments, Taylor Wimpey join FTSE 100

Wed, 03rd Dec 2014 17:29

LONDON, Dec 3 (Reuters) - Real-estate firms BarrattDevelopments and Taylor Wimpey will joinBritain's FTSE 100 equity index, replacing two stockshit by the recent sell-off in commodities, the London StockExchange said.

Barratt and Taylor Wimpey will replace energy servicescompany Petrofac and engineer IMI. The twohomebuilders' shares have gained 30 percent and 20 percentrespectively this year on the back of Britain's rising propertymarket. Petrofac and IMI will join the FTSE 250 index.

Changes to the indexes take effect from the start of tradingon Dec. 22. (Reporting by Alistair Smout; Editing by Lionel Laurent)

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