Marconi and Carlton tipped for exit in FTSE reshuffle

Marconi and Carlton are among companies facing relegation from the FTSE 100 index.

Marconi and Carlton are among companies facing relegation from the FTSE 100 index.

They're expected to bow out in the list of leading shares' quarterly reshuffle.

Today's share prices will decide whether they are in or out, though the changes to the index will not take effect until later this month.

They are expected to be replaced by companies from the "old economy" in a move which some analysts believe could reduce the index volatility.

Other companies likely to be ditched from the FSTE 100 include software group Misys, computer services firm CMG, publisher United Business Media and Telewest.

The FTSE reshuffle will come during a week of tension before a key interest rate decision by the European Central Bank.

The rate decision on Thursday is expected to take into account statistics on several eurozone countries' gross domestic product during April, May and June this year.

The GDP statistics are expected to reveal some of Europe's largest economies, including Germany, are close to suffering recessions.

More in this section

IE_180_logo
Price info

Subscribe to unlock unlimited digital access.
Cancel anytime.

Terms and conditions apply

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up