Article: Life is sweet in the FTSE's top echelon

A PLACE in the FTSE-100 is not what it used to be, with turmoil in the financial markets knocking billions off the value of Britain's largest companies.

The evidence for that will become apparent today.

Cobham, the aerospace technology company, will enter the blue- chip index as part of the quarterly FTSE reshuffle, despite a market capitalisation of just over GBP 2.3 billion.

Food ingredients group Tate & Lyle, best known for its sweeteners, rejoins the index today, with only a late rally yesterday of 11 per cent giving it a market cap of more than GBP 2.5bn.

At the last review in December, the threshold for entry was a market cap of around GBP 3bn, the approximate benchmark in recent ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!