British Land Drops Out of FTSE 100

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• British Land Drops Out of FTSE 100

05 June 2023

Property development and investment company British Land has lost its place on the FTSE 100 Index after 21 years.

In its place, engineering company IMI will move from the FTSE 250 to the FTSE 100 Index. As of Monday, 19 June 2023, British Land will be added to the FTSE 250. 

FTSE 100 companies are the 100 most highly capitalised blue chip companies listed on London Stock Exchange, whereas the FTSE 250 Index comprises mid-capitalised companies not covered by the FTSE 100. The FTSE 250 represents approximately 15 per cent of UK market capitalisation.

Global Index provider FTSE Russell, announced the changes to the FTSE UK Index Series on 31 May 2023.

The FTSE 100 is considered to be one of the crucial indicators of the health of the UK stock market and economy,  intended to help investor benchmark their investments, representing the performance of the major capital and industry segments of the UK market. It is calculated by weighing all stocks listed on the London Stock Exchange by market capitalisation.

In its full-year results for 2023, British Land revealed that the value of its portfolio declined by 12.3 per cent.

Picture: a photograph showing a desk with some paperwork on it showing some graphs. A smartphone and a magnifying glass can also be seen on the desk. Image Credit: Pexels

Article written by Ella Tansley | Published 05 June 2023

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