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Barratt Developments axed from FTSE 100

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chelseablue
chelseablue Posts: 3,303 Forumite
Part of the Furniture 1,000 Posts Name Dropper
in House buying, renting & selling
Just came across this article about Barratts being axed from the FTSE 100:

http://business.timesonline.co.uk/tol/business/markets/article3037517.ece

Is there any significance in this?

Comments

  • m00m00
    m00m00 Posts: 1,755 Forumite
    Nothern Rock about to join them in the hall of shame
    It's a health benefit ...
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    chelseablue wrote: »
    Is there any significance in this?

    No, it just means it's the 101st largest company rather than the 100th largest..
    Trying to keep it simple...;)
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    It is a symptom of the large reduction in their market cap. How much have their shares fallen recently?

    Interestingly prior to previous HPC's a similar thing happened to the builders of the time. Read into this what you will......
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
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