Royal Mail to join FTSE 100 two months after stock flotation
ReutersTwo months to the day that Royal Mail made its debut on the stock market it was confirmed on Wednesday that it will join the blue chip FTSE 100 index. The share price of the postal firm has nearly doubled since its high profile partial-privatisation which has forced the government to defend itself against criticism it sold the company too cheaply.
During the quarterly reshuffle of the main stock market indices, Royal Mail will be joined in the FTSE 100 by industrials company Ashtead. The companies will replace Indian miner Vedanta and speciality chemicals maker Croda in the index of the 100 most valuable companies on the stock market. Vedanta has dropped out after seven years.
Vedanta and Croda will join the FTSE 250 index for mid-caps, along with freshly listed Merlin Entertainments and estate agents Foxtons. JD Sports Fashion, mobile phone retailer Carphone Warehouse, building supplies group Grafton and Riverstone Energy will also join the index.
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"Royal Mail to join FTSE 100 two months after stock flotation", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), décembre 2013. Consulté le 29/09/2023. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/royal-mail-to-join-ftse-100-two-months-after-stock-flotation