FTSE 100 loses one of its biggest components as mining giant BHP bows out
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The FTSE 100 lost one of its biggest components on Monday as miner BHP was removed from the index, after deciding to unify its dual-listed structure into one entity in Sydney.
The business’s size was only eclipsed by AstraZeneca and Shell among its peers in London. Its primary listing moved to Australia, ending a decades-long arrangement that was put in place when London’s Billiton merged with its Australian rival BHP.
According to reports, the company is considering a return to its old dealmaking days, and hopes that the unification can help.
The arrangement was agreed by shareholders earlier this month. Airtel Africa, a telecommunications company, will take its place in the FTSE 100.