By Ian Walker
Coca-Cola Europacific Partners is expected to join the FTSE 100 index, replacing Hiscox in next week's regular quarterly reshuffle, according to indicative data from FTSE Russell.
The bottling company--which houses the Coca-Cola, Fanta, Sprite and Monster brands--will be joining the top flight for the first time, while reinsurance firm Hiscox will move to the FTSE 250 index after just five months in the FTSE 100 index.
Coca-Cola Europacific shares are currently up 10% in the year to date and 12% higher over the past three months. Hiscox shares are up 1.4% and 5.7% respectively.
The changes will be announced after the market closes on March 5, based on the companies' closing share prices the day before.
The FTSE 100 is a share index of the 100 most highly capitalized companies listed on the London Stock Exchange. Any company that falls to 111th and below is automatically ejected from the top-flight index, while any firm that rises to 90 or above is automatically promoted.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 26, 2025 05:47 ET (10:47 GMT)
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