FTSE 100 upgrades Resolution and Standard

The quarterly review by the FTSE panel of the top 100 UK-listed companies by market cap has reshuffled a couple of key names, as the two life insurers now enter the index while Schroders loses its position after 12 years on the index. Changes to will come into effect on Monday 18th September, and Standard Life will appear in the index at between 50-60th position, as its market cap now stands at approximately £5.4bn – making it roughly the same size as Kingfisher (owner of B&Q), supermarket chain William Morrison and brewer Scottish & Newcastle. Similarly Resolution’s market cap is appro...