British Airways looks set to return to the FTSE 100 list of the UK’s biggest quoted companies this week, along with business services group Hays and directories firm Yell.
BA was relegated from the top 100 in September 2002 for the first time since it floated in 1987. Following a swift return in December last year, it was again demoted in March 2003.
08 September 2003
BA set for FTSE-100 return, again
British Airways looks set to return to the FTSE 100 list of the UK’s biggest quoted companies this week, along with business services group Hays and directories firm Yell.
BA was relegated from the top 100 in September 2002 for the first time since it floated in 1987. Following a swift return in December last year, it was again demoted in March 2003.
Index compiler FTSE International will announce its quarterly reshuffle of the top 100 stocks on Wednesday, based on Tuesday’s closing prices, with the 90 biggest companies by market capitalisation guaranteed to keep their places. BA’s share place has doubled since its relegation in March. At close of play Friday, it stood in 90th position.
Potential candidates for demotion to the FTSE 250 mid-cap index include Six Continents’ pub group Mitchells & Butlers, which floated in April, Royal & Sun Alliance and investment trust Foreign and Colonial.
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