TWO CONSTRUCTION firms are expected to be confirmed as members of the FTSE 100 at this evening’s quarterly review in a sign of the sector’s revival.
Housebuilder Persimmon and supplier Travis Perkins are likely to be elevated to the top tier of British business following recent surges in their share prices.
They are set to replace Russian commodities duo Polymetal and Evraz who have tumbled on fears over China’s sluggish growth rate.
But Coca-Cola Hellenic, which is one of the 60 biggest most valuable companies on the London market and has the required premium listing, will have to wait until September to join the FTSE 100. This is because FTSE, the organisation that runs the eponymous indices, has not cleared the company's nationality switch from Greek to London in time for this review.
Companies likely to join the FTSE 250 include Irish services group DCC, insurer esure, estate agency Countrywide and builder Crest Nicholson.