William Hill to fall out of FTSE 100
William Hill to fall out of FTSE 100
William Hill the UK’s largest bookmaker is certain to be demoted from the FTSE 100 following the companies market capitalisation falling from £3.77 billion to £3.12 billion as of Monday 2nd June. Today the annual All Share index review will decide on those who fall out of the FTSE 100 into the FTSE 250 and those who are promoted to the top tier.
Companies that have a market capitalisation greater than that of the 90th place or above in the FTSE 100 are added to the index replacing the lowest placed companies.
Investment company Melrose Industries is tipping William Hill to move into the FTSE 250, even thou last month the company said its trading was in-line with full-year expectations in the five months to 13 May.
