FTSE 100 upgrades Resolution and Standard

clock

Listed life insurance firms Resolution Group and Standard Life are set to become members of the FTSE 100 index, but one of its investment house rivals will leave.

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 approxi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read