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Marks & Spencer Group to Rejoin FTSE 100 Index

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Andrew R. Michaud

• August 23, 2023

Marks & Spencer Group is set to rejoin the FTSE 100 index after a four-year absence, according to FTSE Russell. The retailer, which left the top flight in September 2019 after being part of the index since its inception in January 1984, has seen its share price rise by 77% this year. Last week, the company reported continued market-share growth in its clothing & home and food businesses and expected full-year profit growth.

Changes Expected in FTSE 100 Index

In addition to Marks & Spencer Group, Dechra Pharmaceuticals, Hikma Pharmaceuticals, and Diploma are also expected to join the FTSE 100 index. Dechra and Hikma left the index in December 2022 and September of the same year, respectively, while Diploma will be joining for the first time. These companies are expected to replace Abrdn, Johnson Matthey, Persimmon, and RS Group.

Updated Data and Announcement Date

The indicative data for these changes is based on the companies' closing prices on August 18. The official announcement will be made after the market closes on August 30, based on the companies' closing share prices from the previous day.

FTSE 100 Index Overview

The FTSE 100 is a share index that includes the 100 most highly-capitalized companies listed on the London Stock Exchange. Companies that fall below the rank of 111 are automatically removed from the index, while those ranking 90 or above are automatically promoted.