FTSE 100 Index Promotes Centrica, Unite in Latest Shuffle

By Joe Hoppe

ITV PLC and Royal Mail PLC are set to drop out of the FTSE 100 index in the quarterly reshuffle and Centrica PLC, which owns British Gas, and Unite Group PLC, the student accommodation provider, are set to be promoted from the midcap FTSE 250 to London’s leading share index, FTSE Russell said Wednesday.

Royal Mail has been a member of the index since May 2021, while ITV only rejoined the index in June after a nine-month absence. Centrica returns to its old position, having dropped out of the index in June 2020 after a near 23 year stint, while Unite joins for the first time.
The FTSE 100 is a share index of the 100 most highly-capitalized companies listed on the London Stock Exchange. Any company that falls to 111th and below is automatically ejected from the top-flight index, while any firm that rises to 90 or above is automatically promoted.
The changes will be implemented at the close of business on June 17, and take effect from the start of trading on June 20.
Write to Joe Hoppe at joseph.hoppe@wsj.com