Centrica and Johnson Matthey indicated to join FTSE 100, Asos in 250

Wed, 25th May 2022 10:18

(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday.

All four companies have been in and out of London's blue-chip list in recent years. Centrica was demoted to the FTSE 250 two years ago in June 2020, while Johnson Matthey suffered the same fate this past December. ITV was bumped down from the FTSE 100 to the mid-cap index in September 2020 of that year only to be returned in June of last year. Royal Mail was demoted to the FTSE 250 in December of 2018 but returned in May of last year.

Meanwhile, online fashion retailer Asos PLC is indicated to join the FTSE 250, following its move to the London Main Market from AIM in February.

Also likely to be added to the FTSE 250 will be Bank of Georgia Group PLC, Foresight Solar Fund Ltd, Merchants Trust PLC, Supermarket Income REIT PLC and Target Healthcare REIT PLC.

Set to depart are Baillie Gifford US Growth Trust PLC, Oxford BioMedica PLC, PureTech Health PLC, Rank Group PLC, Trustpilot Group PLC and Tyman PLC.

The actual index changes will be based on closing prices on Tuesday next week and will be announced after the market close on Wednesday. They will come into effect on Monday, June 20.

Separate from the quarterly review, JLEN Environmental Assets Group Ltd replaced Clipper Logistics PLC in the FTSE 250 on Tuesday, after GXO Logistics Inc completed its acquisition of Clipper.

Index provider FTSE Russell is part of London Stock Exchange Group PLC.

By Tom Waite; thomaslwaite@alliancenews.com