Mining stocks oust banks from largest stocks in the FTSE 100

Mining stocks have forced several banks out of the largest stocks in the FTSE 100 in the 12 months s...

Mining stocks have forced several banks out of the largest stocks in the FTSE 100 in the 12 months since the fall of Northern Rock. Research from Fidelity shows the top 10 companies by market value accounted for 45% of the FTSE 100 a year ago but that figure has risen to 49% today. Barclays, HBOS and RBS have all fallen out of the top 10, leaving HSBC as the only main bank at the top of the index. Natural resources groups BG, BHP Billiton and Rio Tinto have switched with the three banks during the crunch. Overall, the banking sector has reduced from 20% of the FTSE 100 a year ago to...