{"id":296538,"date":"2011-03-09T19:47:29","date_gmt":"2011-03-09T19:47:29","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/09\/itv-to-rejoin-ftse-100-in-review\/"},"modified":"2011-03-09T19:47:29","modified_gmt":"2011-03-09T19:47:29","slug":"itv-to-rejoin-ftse-100-in-review","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/09\/itv-to-rejoin-ftse-100-in-review\/","title":{"rendered":"ITV to rejoin FTSE 100 in review"},"content":{"rendered":"

\n \t\t
\n 9 March 2011<\/span>
\nLast updated at <\/span>14:47 ET<\/span>
\n<\/span><\/p>\n

Broadcaster ITV is one of a number of firms being promoted to the FTSE 100 index of the UK’s largest publicly listed companies.<\/p>\n

Energy firm Wood Group and fund manager Hargreaves Lansdown will also join the index.<\/p>\n

Promotions and demotions are based on a company’s market value.<\/p>\n

Outsourcing firm Bunzl, miner African Barrick Gold and financial services firm Alliance Trust, will fall into the FTSE 250 index.<\/p>\n

ITV left the FTSE 100 in 2008 as the financial crisis squeezed its advertising revenues.<\/p>\n

However the firm recently revealed strong annual pre-tax profits of \u00a3286m for 2010, pointing to a recovery in television advertising revenues.<\/p>\n

FTSE 100 components form the basis of many pension funds, so promotion to the index often boosts a firm’s share price.<\/p>\n

All changes in the FTSE quarterly review will take effect from the start of trading on Monday 21st March. <\/p>\n<\/p><\/div>\n<\/p>\n

More:
\nITV to rejoin FTSE 100 in review<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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