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FTSE 100 Welcomes EasyJet and Ithaca Energy
2 Sep
Summary
- EasyJet and Ithaca Energy are set to join the FTSE 100 index.
- They will replace Entain and homebuilder Persimmon in the index.
- The index provider FTSE Russell announced these changes on Wednesday.
The FTSE 100 index is set to welcome two new constituents, budget airline EasyJet and oil and gas producer Ithaca Energy. This significant adjustment to the UK's premier stock market index was announced on Wednesday by FTSE Russell, the index provider.
These incoming companies will take the places of betting group Entain and homebuilder Persimmon. The change reflects an ongoing rebalancing of the index to ensure it accurately represents the largest companies by market capitalization on the London Stock Exchange. This reshuffling highlights shifts in economic sectors and corporate performance.
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