We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

BUZZ-Weir on the brink of possible FTSE 100 deletion

Tue, 03rd Mar 2015 11:39

** Weir on the verge of a surprise deletion fromthe FTSE 100 if the co underperforms Informa byanother 80 bps by the close on Tuesday

** Current market cap of £3,621 bln 0.8 pct higher thanInforma (£3,595), the stock in 111th place and thereforeeligible for promotion if it passes Weir

** Bulge-bracket trader says if Weir is deleted selling frompassive flows would equal c.2.1 mln shares, though second tradersays stock could be defended by active holders to avoid fall

** Stock brought into contention after weak FY results onFeb. 25 saw shares fall 11 pct

** Other likely moves: Tullow replaced by Hikma in FTSE 100; Afren, Oxford Instruments and Game Digital replaced in FTSE 250 by AA and Virgin Money and Tullow

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

Related Shares

More News
9 Apr 2024 16:14

UK shareholder meetings calendar - next 7 days

26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global ...

6 Mar 2024 09:53

Tullow Oil profit and revenue down on lower oil prices

(Alliance News) - Tullow Oil PLC on Wednesday said a reduction in oil prices led to a drop in its annual profit and revenue, though it still enjoyed a...

6 Mar 2024 08:13

Tullow cites lower oil prices as FY profits, revenue decline

(Sharecast News) - Oil and gas explorer Tullow Oil reported a drop in full-year profit and revenue on Wednesday, citing lower oil prices.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.