This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-30320957

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Barratt Developments and Taylor Wimpey join FTSE 100 Barratt Developments and Taylor Wimpey join FTSE 100
(4 months later)
Two of Britain's biggest housebuilders will re-enter the FTSE 100 later this month following the latest reshuffle of the blue-chip index.Two of Britain's biggest housebuilders will re-enter the FTSE 100 later this month following the latest reshuffle of the blue-chip index.
Barratt Developments and Taylor Wimpey will replace two stocks hit by the recent sell-off in commodities.Barratt Developments and Taylor Wimpey will replace two stocks hit by the recent sell-off in commodities.
The companies' shares have gained 30% and 20% respectively this year on the back of Britain's rising property market.The companies' shares have gained 30% and 20% respectively this year on the back of Britain's rising property market.
The London Stock Exchange said Petrofac and IMI would join the FTSE 250.The London Stock Exchange said Petrofac and IMI would join the FTSE 250.
The changes will take effect from the start of trading on December 22.The changes will take effect from the start of trading on December 22.
Taylor Wimpey was created by the £5bn merger of George Wimpey and Taylor Woodrow in March 2007, putting it in the FTSE 100. However, shares in the company plunged in the wake of the economic downturn, costing it a place in the blue-chip index 12 months later.Taylor Wimpey was created by the £5bn merger of George Wimpey and Taylor Woodrow in March 2007, putting it in the FTSE 100. However, shares in the company plunged in the wake of the economic downturn, costing it a place in the blue-chip index 12 months later.
The stock has risen by almost 260% in the past five years and it was now valued at £4.3bn.The stock has risen by almost 260% in the past five years and it was now valued at £4.3bn.
Just one month earlier Barratt Developments bought rival housebuilder Wilson Bowden for £2.2bn to create a company worth £4.3bn at the time. Its shares have soared by 280% in the past five years and it is now worth £4.5bn.Just one month earlier Barratt Developments bought rival housebuilder Wilson Bowden for £2.2bn to create a company worth £4.3bn at the time. Its shares have soared by 280% in the past five years and it is now worth £4.5bn.
Shares in IMI, the engineering group, have fallen by a third this year, while Petrofac plunged by 26% on November 24 after revealing that profits would be below forecast.Shares in IMI, the engineering group, have fallen by a third this year, while Petrofac plunged by 26% on November 24 after revealing that profits would be below forecast.
Reserve list
The LSE said on Wednesday that the six companies on the FTSE 100 reserve list, which is used in the event of a merger, delisting or suspension, would be Amec Foster Wheeler, Hikma Pharmaceuticals, Inmarsat, Investec, Merlin Entertainments and Pennon Group.The LSE said on Wednesday that the six companies on the FTSE 100 reserve list, which is used in the event of a merger, delisting or suspension, would be Amec Foster Wheeler, Hikma Pharmaceuticals, Inmarsat, Investec, Merlin Entertainments and Pennon Group.
Companies entering the FTSE 250 - often regarded as a better barometer of the state of British business than the multinationals on the blue-chip index - will be bakery chain Greggs, newly floated shoe firm Jimmy Choo, and retailer Game Digital, along with investment firm Allied Minds, property group CLS Holdings and Spirit Pub Company.Companies entering the FTSE 250 - often regarded as a better barometer of the state of British business than the multinationals on the blue-chip index - will be bakery chain Greggs, newly floated shoe firm Jimmy Choo, and retailer Game Digital, along with investment firm Allied Minds, property group CLS Holdings and Spirit Pub Company.
Foxtons is one of the companies falling out of the FTSE 250. Shares in the estate agent have fallen 44% since floating in September 2013.Foxtons is one of the companies falling out of the FTSE 250. Shares in the estate agent have fallen 44% since floating in September 2013.
Others losing their place include EnQuest, Fenner, Ferrexpo, Hochschild Mining and Spirent Communications.Others losing their place include EnQuest, Fenner, Ferrexpo, Hochschild Mining and Spirent Communications.