New indices centre on medium-size companies
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.TWO NEW Stock Exchange indices will be introduced on Monday in an expansion designed to let investors see at a glance how medium-sized companies are performing.
The FT-SE 100, launched in 1984, measures movements of the 100 largest companies. The new FT-SE Mid 250 will measure movements of the 250 next largest companies. The FT-SE Actuaries 350 will be calculated by adding the two together.
At the same time, 35 sector indices based on the FT-SE 350 will be launched. These will be updated during the day like other FT-SE indices, allowing investors to see how different groups of companies react to news.
In January there will be further changes: a new FT-SE SmallCap index will be launched and the FT-Actuaries All-Share will be extended from 650 to 850 companies. Both will be calculated once a day.
Gordon Bagot of WM Company, the chairman of the index design working party, said the new index would be a 'better guide to UK plc'. But Peter Jones of Greenwell Montagu, a deputy chairman, said he thought the FT-SE 100 index would remain pre-eminent for some time.
View from City Road, page 25
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments