Hargreaves clings on to FTSE 100 status as Aberdeen enters index

Aberdeen Asset Management is to join the UK's blue chip index in the FTSE 100's quarterly reshuffle, with Hargreaves Lansdown narrowly avoiding demotion.

Aberdeen, led by CEO Martin Gilbert (pictured) will join the FTSE 100 for the first time later this month. Gilbert said the group's promotion was "a credit to the hard work of our people, our fundamental approach to investing and the support of our global client base." The calculations, based on market capitalisations at the close on Tuesday 6 March, will also see chemicals company Croda International join the index for the first time. Hargreaves, meanwhile, had looked set for demotion after its share price slumped in the second half of 2011. The business, co-founded by billiona...