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FTSE 100 Index

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The FTSE 100 Index (/ˈfʊtsiː/, footsie) is a share index of the 100 most highly capitalised companies listed on the London Stock Exchange. The index began on 3 January 1984 with a base level of 1000; the highest value reached to date is 6950.6, on 30 December 1999.

FTSE is an abbreviation of 'Financial Times Stock Exchange'. The index is maintained by the FTSE Group, a now independent company which originated as a joint venture between the Financial Times and the London Stock Exchange.

FTSE 100 companies represent about 80% of the market capitalisation of the whole London Stock Exchange. Even though the FTSE All-Share Index is more comprehensive, the FTSE 100 is by far the most widely used UK stock market indicator. Other related indices are the FTSE 250 Index (which lists the next largest 250 companies after the FTSE 100), the FTSE 350 Index (which is the aggregation of the FTSE 100 and 250), FTSE SmallCap Index and FTSE Fledgling. The FTSE All-Share aggregates the FTSE 100, FTSE 250 and FTSE SmallCap.

The constituents of the index are determined quarterly; the largest companies in the FTSE 250 Index are promoted if their market capitalisation would place them in the top 90 firms of the FTSE 100 Index. As of 2006, the threshold for inclusion is about £2.9 billion. As of 29 December 2006 the 6 largest constituents of the index were BP, Royal Dutch Shell, HSBC Holdings, the Vodafone Group, the Royal Bank of Scotland Group and GlaxoSmithKline, which were each valued at more than £60 billion.

Component companies must meet a number of requirements set out by the FTSE Group, including having a full listing on the London Stock Exchange with a Sterling or Euro dominated price on Stock Exchange Electronic Trading Service|SETS, and meeting certain tests on nationality, free float, and liquidity.

Most of the companies listed on this index usually include the abbreviation plc at the end of their name, indicating their status of public limited company.

Trading lasts from 08.00-16.29 (when the closing auction starts), and closing values are taken at 16.35 (though the closing value of the index itself is timed at 16.36).

List of FTSE 100 companies

This reflects the scheduled quarterly review effective from 24 December 2007.

There are 100 companies in the index, but a total of 102 listings as two classes of shares are included for Royal Dutch Shell and Schroders.

  1. 3i
  2. Admiral Group
  3. Alliance & Leicester
  4. AMEC
  5. Anglo American
  6. Antofagasta
  7. Associated British Foods
  8. AstraZeneca
  9. Aviva
  10. BAE Systems
  11. BG Group
  12. BHP Billiton
  13. BP
  14. BT Group
  15. Barclays Bank
  16. British Airways
  17. British American Tobacco
  18. British Energy Group
  19. British Land Company
  20. British Sky Broadcasting Group
  21. Cable & Wireless
  22. Cadbury Schweppes
  23. Cairn Energy
  24. Capita Group
  25. Carnival
  26. Carphone Warehouse
  27. Centrica
  28. Compass Group
  29. Diageo
  30. Enterprise Inns
  31. Experian
  32. FirstGroup
  33. Friends Provident
  34. G4S
  35. GlaxoSmithKline
  36. HBOS
  37. HSBC
  38. Hammerson
  39. Home Retail Group
  40. ICAP
  41. ITV
  42. Imperial Tobacco
  43. InterContinental Hotels Group
  44. International Power
  45. Johnson Matthey
  46. Kazakhmys
  47. Kelda Group
  48. Kingfisher
  49. Land Securities Group
  50. Legal & General
  51. Liberty International
  52. Lloyds TSB
  53. London Stock Exchange Group
  54. Lonmin
  55. Man Group
  56. Marks & Spencer
  57. Wm Morrison Supermarkets
  58. National Grid
  59. Next
  60. Old Mutual
  61. Pearson
  62. Persimmon
  63. Prudential
  64. Reckitt Benckiser
  65. Reed Elsevier
  66. Rentokil Initial
  67. Resolution
  68. Reuters Group
  69. Rexam
  70. Rio Tinto Group
  71. Rolls-Royce Group
  72. Royal & Sun Alliance Insurance
  73. Royal Bank of Scotland Group
  74. Royal Dutch Shell
  75. SABMiller
  76. Sage Group
  77. J Sainsbury
  78. Schroders
  79. Scottish & Newcastle
  80. Scottish and Southern Energy
  81. Severn Trent
  82. Shire Pharmaceuticals Group
  83. Smith & Nephew
  84. Smiths Group
  85. Standard Chartered Bank
  86. Standard Life
  87. Taylor Wimpey
  88. Tesco
  89. Thomas Cook Group
  90. TUI Travel
  91. Tullow Oil
  92. Unilever
  93. United Utilities
  94. Vedanta Resources
  95. Vodafone
  96. WPP Group
  97. Whitbread
  98. Wolseley
  99. Xstrata
  100. Yell Group

Market capitalisation

The following table lists the 33 FTSE 100 companies which had a market capitalisation of £10 billion or more on 31 December 2007, which was the last trading day of 2007.

Rank Company Capitalisation (£m)
1 Royal Dutch Shell 134,376.32
2 BP 116,722.52
3 HSBC 99,573.75
4 Vodafone Group 98,837.71
5 GlaxoSmithKline 71,305.15
6 Rio Tinto Group [1] 53,249.29
7 Royal Bank of Scotland Group 44,741.32
8 Anglo American 40,826.49
9 British American Tobacco 40,264.60
10 BG Group 38,663.88
11 Tesco 37,547.56
12 BHP Billiton [2] 35,131.42
13 Xstrata 34,494.18
14 Barclays plc 32,975.87
15 AstraZeneca 32,017.50
16 Diageo 28,326.51
17 HBOS 27,543.08
18 Lloyds TSB 26,574.59
19 Standard Chartered 25,801.42
20 Unilever [3] 24,758.06
21 BT Group 22,026.04
22 National Grid 21,690.25
23 SABMiller 21,188.52
24 Reckitt Benckiser 20,852.97
25 Imperial Tobacco Group 18,381.72
26 Prudential 17,514.73
27 BAE Systems 17,468.18
28 Aviva 17,463.78
29 Scottish and Southern Energy 14,021.28
30 Centrica 13,165.69
31 Cadbury Schweppes 13,052.16
32 British Sky Broadcasting 10,850.10
33 Rolls-Royce 10,468.82

Source: File linked from this page on the London Stock Exchange's official site. Companies which do not have their primary listing on the London Stock Exchange are not eligible for membership of the FTSE 100 Index and have been excluded.

  1. ^ : Rio Tinto Group is a dual listed company. The figure shown represents only the majority stake owned by Rio Tinto Plc.
  2. ^ : BHP Billiton is a dual listed company. The figure represents only the minority stake owned by BHP Billiton Plc.
  3. ^ : Unilever is a dual listed company. The figure represents only the minority stake owned by Unilever Plc.

Previous members of the FTSE 100 index

source: Template:PDFlink

FT 30

The oldest continuous index in the UK is the now largely redundant FT30 which began on July 1st 1935. Of the original constituents three are currently in the FTSE 100: Imperial Chemical (now ICI), Imperial Tobacco and Rolls Royce, although Rolls Royce has not been continuously listed, and ICI is likely to be taken over shortly as it accepted a bid in August 2007. A further five are still listed but not in the FTSE 100: EMI, The General Electric Company (now Telent), Guest Keen & Nettlefolds (GKN), Tate & Lyle and Woolworths, although Woolworths has also not been continuously listed. Four of the original FT30 companies are still in that index remain in the FT30: EMI, GKN, Imperial Chemical and Tate & Lyle (membership is not strictly based on market capitalisation, so this does not mean they are necessarily among the top 30 companies in the FTSE 100). The best performer from the original line-up has been Imperial Tobacco.[4]

References

  1. ^ : Acquisition by Lloyds
  2. ^ : Acquisition by Deutsche Bank
  3. ^ : Unification of companies
  4. ^ : Eckett, Stephen (ed.) (2004), The UK Stock Market Almanac 2005, Petersfield, Harriman House. ISBN 1-897597-46-0

See also

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