Bank dominance of FTSE over

A study by Fidelity International found that Barclays, HBOS and the Royal Bank of Scotland have all dropped out of the FTSE100 elite since the onset of the credit crunch, replaced by natural resources firms BG Group, BHP Billiton and Rio Tinto. It says that, having dominated the UK market for so long and representing almost 20% of the FTSE100 index a year ago, the banking sector has been reduced to 16%. However, it adds before the credit crunch the top ten companies by market value accounted for 45% of the FTSE100, whereas today this has risen to 49%. In total, 18 companies have falle...