FTSE winners and losers named
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.BSKYB, ORANGE, Anglo American, Colt Telecom and Telewest will be the worst absolute losers under rule changes announced yesterday by FTSE International on how companies will be weighted in its indices.
The greatest winners will include the likes of BP Amoco, Vodafone AirTouch, British Telecom, HSBC Holdings and Glaxo Wellcome. FTSE International has decided to recalculate its indices by cutting the weighting given to stocks where a company's ownership structure or capitalisation policy restricts the amount of company stock available - the "free float". FTSE International is also to remove the existing ban on UK subsidiaries having a separate listing on the FTSE All Share Index. This means that Freeserve, Dixons' recently floated Internet arm, can now be included in the All Share for the first time.
Outlook, page 15
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments