FTSE quarterly review: Inmarsat and Jimmy Choo set for demotions as Hikma Pharmaceuticals gets ready to move up
Inmarsat could find itself demoted from the FTSE 100 as part of quarterly changes to the index.
The satellite services company, whose shares tumbled earlier this month when it unveiled disappointing first-quarter profits, is set to be bumped from the FTSE 100 – and could be replaced by Hikma Pharmaceuticals, FTSE Russell said today.
Meanwhile, Jimmy Choo could be among the companies relegated from the FTSE 250 to the FTSE Small Cap Index, along with Interserve, Northgate and Melrose Industries.
And developer Countryside, challenger bank Metro Bank and spread better CMC Markets could be among those entering the FTSE 250.
The movements will be decided based on the companies' positions at the market close on Friday – although a final decision won't be made until Wednesday this week.
FTSE quarterly review
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