GOING DOWN: Associated British Foods
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.SHARES in Associated British Foods fell 4 per cent after reports that the FT-SE International was considering changing its rules to align more closely the number of shares in the market with their weighting in its indices. The index weighting is currently based on market capitalisation.
However, that can make a share price volatile or distorted where there is a dominant shareholder with a large stake, because tracker funds find it difficult to acquire enough shares.
Other shares that were hurt by the suggestion of change were Rentokil and BSkyB. It could also be harder for foreign or family-owned companies to join the FT-SE 100 index if the reforms go through.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments