FTSE reshuffle: Travel and aerospace firms punished by pandemic

Liontrust AM promoted to FTSE 250

Mike Sheen
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easyJet, one of the hardest hit firms of Covid-19, will exit the FTSE 100
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easyJet, one of the hardest hit firms of Covid-19, will exit the FTSE 100

"One of the most far-reaching" FTSE reshuffles in the index provider's history has seen airlines and travel companies among the firms relegated to the FTSE 250 as the impact of the coronavirus pandemic proved the last straw for struggling groups, while companies with a digital focus to their business have seen promotion.

The 3 June reshuffle, which occurs every three months and is based on stocks' total market capitalisation at the end of the specified trading day, saw software company Avast, sports betting specialist GVC Holdings, Homeserve and retailer Kingfisher all promoted to the FTSE 100. Market Movers Blog: Hedge funds braced for second market plunge - reports Meanwhile, cruise operator Carnival, energy company Centrica, low-cost airline easyJet and aerospace firm Meggitt will leave the FTSE 100 index and enter the FTSE 250 index. Adrian Lowcock, head of personal investing at Willis Owen, no...

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