FTSE shuffle: who’s up and down in June?
In the first week of June, the FTSE 100 and 250 will be shuffled to reflect new market capitalisations of various constituents. Here are our predictions of who is in and who is out.
A lot has been made of Marks & Spencer’s (LON: MKS) precarious position in the FTSE 100. If the retailer’s share price falls much further, it will drop out of London’s blue-chip index for the first time in 35 years. As one of the original constituents of the FSTE 100 in its current form, M&S’ relegation would be a significant moment and would leave only 29 of the original 100 remaining.
But while M&S teeters at the edge, investors are overlooking another high street retailer which is set to make its FTSE 100 re-entrance after its share price surged more than 50% in the last six months. JD Sports (LON: JD.) is primed to take the place of easyJet (LON: EZJ) after a terrible quarter for the airline operator. Falling demand for foreign summer holidays (which has been attributed to Brexit, safety fears and an economic slowdown) has stunted revenue growth at easyJet, while rising competition keeps forcing the company to…
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