Ocado
Group’s
(OCDO)
stint
in
the
FTSE
100
is
set
to
end,
with
technology
firm
Darktrace
(DARK)
set
to
replace
it
in
the
top
flight,
according
to
indicative
index
changes
by
FTSE
Russell
on
Tuesday.
Final
index
review
findings
are
released
on
June
5,
using
data
from
a
day
earlier.
Based
on
closing
on
data
as
of
Friday,
grocer
and
warehouse
technology
firm
Ocado
is
set
for
the
FTSE
100
chop,
with
wealth
manager
St
James’s
Place
(STJ)
also
set
for
relegation.
Shares
in
Ocado
have
plunged
46%
so
far
this
year,
while
St
James’s
Place
has
shrunk
28%.
Darktrace,
which
has
surged
60%
this
year,
is
set
for
a
promotion
to
the
blue-chip
index.
Alongside
it,
housebuilder
Vistry
(VTY)
is
also
favourite
to
go
up,
with
its
stock
rising
37%
year-to-date.
There
are
a
host
of
possible
other
changes
in
the
FTSE
250,
with
financial
services
firm
Alpha
Group
International
(ALPH),
investment
trust
Brunner
Investment
Trust
(BUT),
asset
manager
Liontrust
Asset
Management
(LIO)
and
pensions
consulting
and
administration
services
firm
XPS
Pensions
Group
(XPS)
set
for
promotion
to
the
mid-cap
index.
Iron
ore
pellets
producer
Ferrexpo
(FXPO),
National
Express
owner
Mobico
Group
(MCG),
and
investment
funds
NextEnergy
Solar
Fund
(NESF)
and
Octopus
Renewables
Infrastructure
Trust
(ORIT)
are
set
for
demotion
from
the
FTSE
250.
In
addition,
index
operator
FTSE
Russell
announced
fund
supermarket
Hargreaves
Lansdown
(HL)
is
set
to
join
the
FTSE
100
from
Friday,
taking
up
a
spot
freed
up
by
outbound
Flutter
Entertainment
(FLTR).
Flutter
shareholders
earlier
in
May
backed
the
firm’s
move
to
a
standard
main
market
listing
from
a
premium
one.
The
gambling
firm
is
moving
its
premium
listing
to
New
York.
Replacing
Hargreaves
Lansdown
in
the
250
will
be
Molten
Ventures
(GROW).
By
Eric
Cunha,
Alliance
News
news
editor
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