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African Barrick Gold and Essar Energy to join FTSE 100 Index
FTSE - The Index Company - A Shareworld Contributor
African Barrick Gold and Essar Energy to join FTSE 100 Index
London, 9th June 2010: FTSE Group (“FTSE”) confirms today that gold producer African Barrick Gold and integrated energy company Essar Energy will be joining the FTSE 100 Index for the first time. In the rebalance, Thomas Cook Group and the London Stock Exchange Group will leave the UK’s leading blue chip Index and join the FTSE 250 Index.
Today’s changes are part of FTSE’s UK Index Series annual review approved by the independent FTSE Europe, Middle East and Africa Regional Committee. The impartial reviews ensure the UK indices remain an accurate reflection of the market they represent and are seen as an essential component to the running of the indices.
The FTSE 100 Index represents the 100 biggest UK blue chip companies, by market capitalisation. The index currently reflects approximately 85% of the UK market providing a broad and accurate investment tool for pension funds, financial products and investment portfolios in the UK and around the globe.
The FTSE 250 Index will see the following changes:
| Inclusions to the FTSE 250 Index | Exclusions from the FTSE 250 Index |
| Thomas Cook Group
London Stock Exchange Group Centamin Egypt Ltd BH Macro (USD)* SuperGroup Fidelity China Special Solutions CPP Group JD Sports Fashion Promethean World *Secondary line |
JP Morgan Japanese Investment Trust
Trinity Mirror HMV Group F&C Asset Management Dunedin Income Growth Inv Trust Ecofin Water and Power Opportunities Brewin Dolphin Holdings Melrose Resources |
All changes from this review will be implemented at the close of business Friday 18th June and will take effect from the start of trading on Monday 21st June 2010.
Statistics: 2000-2010 Industry Classification Benchmark (ICB) Super Sector Data - FTSE 100
| Super Sector Name | Net Mkt Cap Share (£m) 2000 | Net Mkt Cap Share (£m) 2010 | Movement |
| Oil & Gas | 12.05% | 18.98% | 6.93% |
| Chemicals | 0.68% | 0.25% | -0.43% |
| Basic Resources | 2.28% | 12.40% | 10.12% |
| Construction & Materials | 0.24% | 0% | -0.24% |
| Industrial Goods & Services | 3.29% | 4.71% | 1.42% |
| Automobiles & Parts | 0.40% | 0% | -0.40% |
| Food & Beverage | 2.88% | 5.86% | 2.98% |
| Personal & Household Goods | 0.76% | 6.70% | 5.94% |
| Health Care | 12.01% | 8.96% | -3.05% |
| Retail | 3.40% | 4.73% | 1.33% |
| Media | 6.30% | 2.21% | -4.09% |
| Travel & Leisure | 2.60% | 2.02% | -0.58% |
| Telecommunications | 25.08% | 6.73% | -18.35% |
| Utilities | 2.68% | 3.97% | 1.29% |
| Banks | 14.03% | 15.63% | 1.60% |
| Insurance | 5.26% | 3.36% | -1.90% |
| Real Estate | 0.26% | 1.14% | 0.88% |
| Financial Services | 1.23% | 1.36% | 0.13% |
| Technology | 4.57% | 1.00% | -3.57% |
| 100.00% | 100.00% |
Chart: ICB Super Sector 10 Year Comparison performance chart – FTSE 100 (2000/2010)
Data as at 03/04/2000 and 04/06/2010
Source: FTSE Group