Global security firm G4S, and aerospace and defence firm Meggitt, look set to lose their spots in the FTSE 100 on Wednesday, according to Sharecast News. Provident Financial and DCC are set to replace them. The FTSE committee will reveal the results of its quarterly index on Wednesday, with changes effective from 21 December.
Meggitt, the global engineering group, is almost certain to be relegated to the FTSE 250 after the company’s shares tumbled 20% on the back of a profit warning in late October. Meggitt cautioned that full year profit would be well below forecasts after it suffered softer trading in the third quarter, with a “marked deterioration” in its end markets in September.