Reported 4 months ago
LondonMetric Property PLC is set to replace Ocado Group PLC in the FTSE 100 Index after a six-year period. The reshuffle is based on market capitalizations, with LondonMetric's market cap exceeding £4.2 billion ($5.4 billion) leading to its promotion. Ocado is expected to move to the FTSE 250 along with St. James’s Place PLC. The official announcement of this quarterly rebalancing will take place after European markets close on Wednesday.
Source: YAHOO