Blue-chip stocks prepare for top-flight index reshuffle
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Other companies in the running to be downgraded from the blue-chip index when the FTSE Russell EMEA Committee confirms the results of its quarterly review include Dixons Carphone, Hikma Pharmaceuticals, and outsourcing giant Capita.
However, Scottish Mortgage Investment Trust, which is weighted towards international investments, stands to benefit from the weaker pound.
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Hide AdHelal Miah, an investment research analyst at the Share Centre, said the property sector as a whole has been “hit hard” since Brexit, adding: “In the aftermath of the vote, we felt it prudent to advise investors to take a step back – at least until the picture becomes a little clearer.”