Wickes Enters The FTSE 250

Following a 'strong start to the year', Wickes has entered the FTSE 250.

The move is a result of a scheduled, quarterly reshuffle of the Index, which has seen the demotion of THG, Mobico (parent to National Express), Bellevue Healthcare Trust, and mining company Ferrexpo.   

Avon Technologies, Gamma Communications and Ashoka India Equity Investment Trust have joined Wickes in moving up into the FTSE 250.

In a LinkedIn post, Wickes said:

We’re proud as a peacock to announce that, today, Wickes (WIX.LN) has been promoted to the FTSE 250 index.

This achievement is a reflection of the stock market’s confidence in our future growth prospects and a testament to the strength of the Wickes customer proposition and balanced business model, that ensures we continue to win market share and deliver our growth plans.

Well done and thank you to our amazing Wickes colleagues for making this possible.

David Wood, CEO of Wickes said: "I'm delighted that we've been promoted to the FTSE 250 index. This is fantastic recognition for all the hard work of our colleagues who do such a great job serving customers and helping the nation feel house proud. Well done team!"

Source : Insight DIY

Image : Wickes

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