FTSE shuffle: September promotions and demotions
In the first week of September, the FTSE 100 will be shuffled to reflect new market capitalisations of various constituents. Here are our predictions of who is in and who is out of the premium index.
Marks & Spencer (LON: MKS) is, once again, dominating the narrative as the FTSE approaches its latest quarterly shuffle. The 135 year-old company, an original constituent of the FTSE 100, which has enjoyed a position in London’s premium market for 35 years, looks almost certainly set for the chop at the deadline next week. No well-timed rights issue will save it this time. With the share price down 17% since the last FTSE shuffle in June, Marks & Spencer looks destined for the FTSE 250.
But will any other FTSE 100 laggards join it there? Companies which have dropped out…
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