Shares City - FTSE 100 Reshuffle - List of Companies In and Out

The FTSE 100 shuffles the pack every three months, promoting companies into it and ejecting companies from it. Today it ejected Persimmon, the only housebuilder which was still in it. Persimmon has been demoted to the FTSE 250.

Persimmon has lost around 75% of its value in slightly more than a year, other housebuilders have lost as much as 90% - quite extraordinary really, they are hardly dotcom hot air bubble stocks.

Tate & Lyle was also ejected after 3 profits warnings last year and a 50% increase in freight costs.

Home Retail Group, the owner of Argos has reported falling sales and is also out, along with the Alliance & Leicester a big UK mortgage lender.

The companies promoted up into the FTSE 100 are Drax, the largest coal-fired electricity generator in the UK; Petrofac (oil services), Invensys, and mining company Ferrexpo.

There could be an effect on the FTSE of course, as falling companies are removed and rising companies are included.

Persimmon 3 Year Chart - OUT