EasyJet is set to return to the FTSE 100 in tomorrow’s FTSE Russell quarterly review with Just Eat and GVC Holdings also set to follow based on market cap according to Refinitiv analysis.
Quarter-to-date, easyJet, GVC Holdings, and Just Eat have seen share price increases of 16.3%, 14.6%, and 14.4% respectively, while Kingfisher, Fresnillo, and Hiscox have seen price moves of 3.3%, -15.5%, and -17.9% respectively.
Shares of Just Eat jumped 24.2% on 22 October after it received a takeover offer from Prosus, which was rejected. Just Eat also intends to merge with rival Takeaway.com.
Tajinder Dhillon, Senior Research Analyst for Refinitiv StarMine, comments: “EasyJet had a short spell out of the FTSE 100 as they highlighted challenging market conditions due to Brexit and higher competition.
“Although these predicted changes in FTSE 100 and FTSE 250 constituents is based solely on market cap, rules for inclusion and exclusion are also based on market cap size, relative positioning among other criteria.”
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