Housebuilder Berkeley Group's share price woes have seen the firm drop out of FTSE 100 in the latest quarterly shuffle

Mark Sands
Follow Mark
House Building Boosted By Help To Buy Scheme And Overseas Investment
Berkeley was among the housebuilders to be hit by the UK's Brexit vote (Source: Getty)

Housebuilder Berkeley Group has dropped out of the FTSE 100 in the latest quarterly review after seeing its share price wracked by the Brexit vote.

Berkeley was among the firms to see its value plummet in the aftermath of the UK's vote to leave the EU and the London Stock Exchange has now confirmed its demotion.

Housebuilders were amongst the hardest hit with Taylor Wimpey, Persimmon, and Crest Nicholson also suffering immediately after Britain's EU referendum decision.

Berkeley is replaced in the top FTSE grouping, by mining firm Polymetal International.

Polymetal - which produces precious metals in Russia, Kazakhstan and Armenia- has seen its share price climb dramatically since the EU vote, closing at 870.50p on the day of the June referendum, and 1,053 on 31 August.

Separately, online gambling company GVC Holdings steps up to the FTSE 250 after benefitting from a summer of betting on the European Football Championships, as well as its takeover of Bwin in February.

The changes will come into effect from Monday 19 September.

FTSE 100 – IN

  • Polymetal International

FTSE 100 – OUT

  • Berkeley Group Holdings

FTSE 250 – IN

  • Berkeley Group Holdings
  • GVC Holdings

FTSE 250 – OUT

  • Polymetal International
  • Pendragon
  • Circassia Pharmaceuticals

Related articles