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EasyJet and Ithaca Energy Enter FTSE 100
FTSE Russell has announced that the low-cost airline EasyJet and the oil and gas producer Ithaca Energy will be joining the FTSE 100 index, replacing betting group Entain and homebuilder Persimmon, which will move to the FTSE 250. This change comes after EasyJet's share price surged approximately 30% since the beginning of the year, supported by a £5.7 billion takeover bid from Apollo Global, which helped boost the company's market value. Conversely, Aston Martin and J.P. G Group will leave the FTSE 250 index. The inclusion of EasyJet and Ithaca Energy into the index reflects their improved market performance amid the turbulence in global oil and energy prices. The adjustments will take effect after the close on September 18 and will begin on September 21, representing changes in the valuation and ranking of companies within the UK market.
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