Frasers Group and B&M have dropped off the UK’s FTSE 100 in the latest reshuffle of the London Stock Exchange
The update resulted in three companies being demoted from the prestigious index, making way for new entrants.
Among the notable changes, board game maker Games Workshop Group has been promoted to the FTSE 100, while Frasers Group and B&M have been relegated to the FTSE 250. Meanwhile, Deliveroo has secured a spot in the FTSE 250 as part of the revised rankings.
In November, it was reported that Frasers would be booted off the FTSE 100 index as shares continued to slide amid its ongoing feud with Boohoo Group.
The Sports Direct owner returned to the London Stock Exchange’s blue-chip gauge in 2022 following a six-year absence.
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Meanwhile, last month it was reported that B&M’s shares had plunged 21% during the past three months.
The variety retailer saw its adjusted operating profit fall 1.8% to £258m in the six months to 28 September as it faced higher costs following an increase in stores and investment in its supply chain in France.
All changes from the review are set to be implemented at the close of business on 20 December, taking effect from 23 December.
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