Financial Services Industry
Industry: Email Alert RSS FeedBA leads exodus of stalwarts from FTSE 100.
Financial News, September, 2002
British Airways, EMI and International Power Tuesday lost their places in the FTSE 100 in the latest quarterly rejig of the blue-chip index.The changes will be formally announced at the close of trading today by FTSE, which compiles the index of the UK's leading shares. According to the rules any company ranked below 110th place by stock market value at the close of business Tuesday is automatically relegated. EMI was last night ranked 114th, BA 111th and International Power was in 121st place.
In their place will come the auto parts company Tomkins, the packaging group Rexam, which has been among the main market's top performers over the past 12 months, and the medical products distributor Alliance UniChem, which has the former Chancellor Kenneth Clarke on its...
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