UK - FTSE completed its final index reshuffle for the year with one change to the FTSE 100 index and seven changes to the FTSE 25O.
P&O Princess Cruises will move into the FTSE 100, gaining its place at the expense of GKN. Former FTSE 100 companies, Psion and Thus were promoted back into the FTSE 250, following a relegation to the FTSE SmallCap earlier this year.
FTSE has also set the market capitalisation threshold for entry to the FTSE SmallCap at £60m. This threshold means that the FTSE All-Share will consist of 723 stocks, representing 99% of the market capitalisation of the UK.
All changes will be applied to the indices at the close of business on December 21, 2000.
By Janet Du Chenne
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point