Budget airline easyJet and meal order company Just Eat are listed on the FTSE 100, the most important UK stock market gauge. FTSE Russell, the compiler of the index for the London stock exchange, has confirmed that.
EasyJet had a difficult first half year when the company came up with a cautious outlook. The price fighter, like competitors, also suffered from weaker demand for air travel due to brexit uncertainty. Due to the fall in prices that followed, the company relegated to the FTSE 250. In recent months, easyJet recovered. The company benefited from strikes at competitors such as British Airways and Ryanair.
Just Eat is currently the center of a takeover battle, in which both meal order company Takeaway and tech investor Prosus want to get hold of the company.
Insurer Hiscox and gold miner Fresnillo downgraded to the FTSE 250. Hiscox was only listed in the FTSE 100 and Fresnillo for one year since March 2009. The changes will take effect after the trading day on Friday 20 December.