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ITV set to be dumped from FTSE 100 while Morrisons on track for a comeback

The next FTSE reshuffle is due to be announced on Wednesday 1 September, based on closing prices on Tuesday 31 August.

 

The key runners and riders:

  • WM Morrison Supermarket returns to FTSE 100
  • Meggitt – defence M&A flurry boosts Meggitt into promotion position
  • ITV – set to be relegated from FTSE 100
  • Darktrace – heading into FTSE 250 after April IPO

 

Entries to FTSE 100:

  • WM Morrison Supermarket
  • Meggitt

 

Fallers from FTSE 100:

  • ITV
  • Weir Group

 

Nicholas Hyett, equity analyst, Hargreaves Lansdown: “Morrison looks to be heading back to the FTSE 100, fuelled by bid speculation from hungry firms wanting a slice of the UK supermarket pie. Meggitt too is a beneficiary of overseas appetite for UK listed companies, driving it up to the brink of FTSE 100 status. Love Island may be back but broadcaster ITV looks likely to be dumped from the 100 after a short fling, despite the boost of Euros ad spend. Engineering firm Weir Group is also on the brink after only being promoted earlier in the year. With the permanent shift of many consumer businesses to digital, cyber security firm Darktrace is on track to unlock the doors into the FTSE 250.”

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