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easyJet set to join FTSE 100 in next reshuffle 

Published 21/02/2024, 12:27
© Reuters. easyJet set to join FTSE 100 in next reshuffle 
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Proactive Investors - easyJet PLC (LON:EZJ) is set to be promoted to the FTSE 100 in the upcoming quarterly review of the index with Endeavour Mining PLC (LON:EDV) dropping into the FTSE 250.

The preliminary report from FTSE Russell, based on data from last Friday, predicts that easyJet will return after falling out of the index during the pandemic when flights were grounded.

easyJet shares have ticked 16% over the last year and the promotion may change founder Stelios Haji-Ioannou's view that the airline needs to pursue a US Nasdaq listing to gain ground on rival Ryanair (LON:0RYA).

Endeavour Mining will be relegated as its shares have sunk more than 25% in the last twelve months.

Official confirmation of the changes will be made next Wednesday after markets close.

Read more on Proactive Investors UK

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