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Babcock joins FTSE 100 index

Quarterly review sees the Man Group enter the FTSE 250 index.

Babcock International Group will be joining the FTSE 100 index. Man Group will leave the UK’s leading index and enter the FTSE 250, according to FTSE UK's quarterly review.

These changes are part of the impartial reviews approved by the independent FTSE Europe, Middle East and Africa regional committee.

Changes in FTSE 250 index are as follows:

FTSE operates a reserve list for the FTSE 100 index, to be used in the event of a corporate action occurring between reviews (for example, a merger, acquisition, delisting or suspension).

The FTSE 100 reserve list is as follows:

All changes will be implemented at the close of business on Friday 15 June and take effect from the start of trading the following Monday.

FTSE is also introducing the use of actual free float (rounded up to the next 1 per cent) in the FTSE UK index series.