Takeover targets expected to briefly re-enter blue-chip index while ITV and Weir Group face demotion
The takeover targets Morrisons and Meggitt look set for a brief return to the FTSE 100 index of blue-chip UK companies, after their share prices were boosted by bidding wars between rival US suitors.
The index’s manager, FTSE Russell, has placed both companies on its indicative FTSE 100 additions list and said it would make a final announcement on the quarterly stock market reshuffle on 1 September, based on the data collected at the close of share trading on 31 August.