Coca-Cola Europacific, THG and Canal+ up for FTSE index promotion in March reshuffle
Last updated: 00:00 26 Feb 2025 GMT, First published: 23:59 25 Feb 2025 GMT
Drinks bottler Coca-Cola Europacific Partners PLC (LSE:CCEP, NASDAQ:CCEP) and Paddington producer Canal+ SA (LSE:CAN) are both on course to be added to the FTSE 100 and FTSE 250 in the next index reshuffle.
Coca-Cola Europacific, whose shares have been traded in London since 2019, changed its listing category in November to allow it to be eligible to join the blue-chip index.
FTSE Russell indicated on Tuesday that it would be added to the index, based on market data as of last Friday, though final confirmation will made using data when the market closes on Tuesday 4 March, with the rebalancing changes to be announced the next day.
Making way, insurer Hiscox Ltd (LSE:HSX) is predicted to be relegated to the mid-cap index.
Depending on how trading goes in the next few days, Burberry Group PLC (LSE:BRBY) is also a potential candidate for promotion back to the top flight, having dropped out of the blue-chip list in September.
Candidates for demotion include British Land, Berkeley Group, Persimmon and easyJet, all hovering below £4 billion market cap.
Second division
Canal+, the French group that has expanded from a cable TV network to a media and entertainment group with a film production arm that made the Paddington films, listed in London in December after the break-up of former parent Vivendi.
Although it has not received the warmest of welcomes from investors since listing, with its shares losing over a quarter of their debut value, the company is still easily big enough to be added to the FTSE 250.
Two other new additions to the mid-cap index could be THG PLC (LSE:THG), which like Coca-Cola Europacific, changed its listing category last year, as did Atalaya Mining (AIM:ATYM, TSX:AYM), the third company mooted by FTSE Russell as a potential new mid-cap index entrant.
Demotion to the small caps was indicated for Essentra PLC (LSE:ESNT), SThree PLC (LSE:STEM) and John Wood Group PLC (LSE:WG.) - though the latter may temporarily escape this indignity after its shares jumped 30% on Monday after a takeover approach from a Dubai-based suitor.
SThree
Wood Group (John)
