Travis Perkins demoted from FTSE 100

The FTSE Russell EMEA Committee met on Wednesday of this week and confirmed that Travis Perkins will be demoted from the FTSE 100 when the latest set of stock promotions and relegations take effect on 19th December.

All companies listed on the UK stock market are reviewed four times a year and reshuffled among the various indexes based on their market capitalisation, a measurement derived from the price of a company's shares. 

The downgrade follows a significant slump in Travis Perkins shares in recent months, which have fallen 26% since the vote on 23rd June, having been hit by a general slowdown in the UK property market following the Brexit vote. 

Source : Insight DIY Team