Investing June 12, 2002

FTSE Reshuffles Indices

June 12, 2002 (PLANSPONSOR.com) - Following the quarterly meeting of its Equity Indices Committee, FTSE Group will delete three companies from the UK's FTSE 100.
Reported by

These companies, all technology names, are:

  • Logica
  • ARM Holdings
  • Electrocomponents.

They will be replaced by:

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  • Johnson Matthey, the chemicals, car parts and precious metals company
  • Xstrata, a Swiss mining and metals firm
  • Bunzl, the food packaging and disposable products supplier.

Mid-Caps

Among the deletions from the mid-cap FTSE 250 index are:

  • Marconi
  • Telewest Communications
  • Psion.

The weighting of IT Group companies in the FTSE All-Share has now shrunk to 1.1% from its 7% high during the tech boom in February 2000, FTSE announced.
 
All changes announced Wednesday will be applied to the indices after the close of business on June 21, 2002.  The FTSE techMARK indices will be reviewed on June 18, 2002.
 
Full details of all additions and deletions to the FTSE UK Index Series approved by the Committee can be found on the FTSE Web site .

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