Investec falls out of FTSE 100 in re-shuffle

FTSE Group ("FTSE") said in its latest quarterly review Investec, along with miner Lonmin and Inmarsat - the mobile satellite company - will all be falling into the FTSE 250 later this month. Replacing them in the FTSE 100 will be international building materials group CRH, steel and mining company Evraz, and precious metals producer Polymetal International. Investec, which boasts a range of top performing funds including Alasdair Mundy's £2bn Cautious Managed fund, has seen its share price fall around 30% from 506p a year ago, to 358.5p. This compares with a fall of just 4% in the...