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Ocado to drop out of the FTSE 100 in reshuffle, along with St James's Place

Published 29/05/2024, 08:30
© Reuters.  Ocado to drop out of the FTSE 100 in reshuffle, along with St James's Place
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Proactive Investors - Ocado Group PLC (LON:OCDO) and St James’s Place PLC will both drop out of the FTSE 100 in the quarterly reshuffle that takes place next week.

Index organiser FTSE Russell said Darktrace (LON:DARK) and Vistry Group (LON:VTYV) will replace them in the blue-chip index.

Three companies are expected to be demoted from the FTSE 250 into the small cap realms: Ukraine iron ore producer Ferrexpo PLC (LON:FXPO), National Express (LON:MCG) owner Mobico Group PLC, NextEnergy Solar Fund Ltd (LON:NESF) and Octopus Renewables Infrastructure Trust PLC.

They are likely to be replaced by currency specialist Alpha Group International PLC (LON:ALPH), Brunner Investment Trust (LON:BUT) and Liontrust (LON:LIO).

The indicative changes were announced to the FTSE 100 and FTSE 250 overnight, based on data as of Friday 24 May, but the actual review of the FTSE UK indices will use data from the end of next Tuesday 4 June.

Confirmed rebalance changes will be announced after market close on Wednesday 5th June 2024.

Read more on Proactive Investors UK

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