TATE & Lyle, one of the original components of the FT 30, is on the verge of being demoted from the FTSE 100 as part of its quarterly reshuffle of the index, the London Stock Exchange (LSE) said yesterday.
The food ingredients company will learn its fate tomorrow night when the exchange reveals the firms that have a big enough market cap to be included in the blue chip index, which is based on tonight’s closing prices. All decisions are subject to the final decision and approval of the FTSE EMEA committee.
The LSE said wealth manager St James’s Place and property company Barratt Developments are potential entrants to the FTSE 100 while Just Retirement Group, Hochschild Mining, Infinis Energy and Heritage Oil are potential entrants into the FTSE 250. Tate & Lyle rejoined the FTSE 100 in 2004 after falling out in 1997.