Review leads to three new cos joining FTSE 100

Three companies have joined the FTSE 100 following the latest review of the index. Heating and plum...

Three companies have joined the FTSE 100 following the latest review of the index. Heating and plumbing distributor Wolseley, global private equity firm 3i Group and the London Stock Exchange Group have all been added to the blue-chip index. Wolseley's shares recently rallied, rising from just 246p at the end of March, to more than £26 by early April. At the end of May the share price stood at just over £11 after the group announced a 90% drop in profits over nine months. The new firms will replace coal-fired power plant Drax Group, Whitbread - which owns brands such as Premier Inn ...