FTSE 100 Index performance between 1984 and 2015
|Exchanges||London Stock Exchange|
|Market cap||£2.054 trillion|
(as of January 2018)
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" // , is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalisation. It is seen as a gauge of prosperity for businesses regulated by UK company law. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group.
The index is maintained by the FTSE Group, a now wholly owned subsidiary of the London Stock Exchange which originated as a joint venture between the Financial Times and the London Stock Exchange. It is calculated in real time and published every second when the market is open.
The FTSE 100 broadly consists of the largest 100 qualifying UK companies by full market value.The total market value of a company is calculated by multiplying the share price of the company by the total number of shares they have issued. Many of these are internationally focused companies, however, so the index's movements are a fairly weak indicator of how the UK economy is faring and are significantly affected by the exchange rates of the Pound. A better indication of the UK economy is the FTSE 250 Index, as it contains a smaller proportion of international companies.
FTSE 100 companies represent about 81% of the entire market capitalisation of the 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 includes 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 the FTSE Fledgling Index. The FTSE All-Share aggregates the FTSE 100, FTSE 250 and FTSE SmallCap.
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 denominated price on the Stock Exchange Electronic Trading Service, and meeting certain tests on nationality, free float, and liquidity.
Continuous trading on the London Stock Exchange starts at 08:00 and ends at 16:30 (when the closing auction starts), and closing values are taken at 16:35.
In the FTSE indices, share prices are weighted by free-float capitalisation, so that the larger companies, with more of their stock "floating", make more of a difference to the index than smaller companies. The basic formula for these indices is:
The free float adjustment factor represents the percentage of all issued shares that are readily available for trading, rounded up to the nearest multiple of 5%. The free-float capitalisation of a company is its market capitalisation multiplied by its free float adjustment factor. It therefore does not include restricted stocks, such as those held by company insiders.
The index reached the following record values:
|Closing||7,877.45||22 May 2018|
|Intraday||7,903.50||22 May 2018|
The index began on 3 January 1984 at the base level of 1000. The highest closing value of 7,877.45 was reached on 22 May 2018.The highest intra-day value of 7,903.50 was reached on 22 May 2018.
The following table shows the annual development of the FTSE 100 Index, which was calculated back to 1969.
|Year||Closing level||Change in Index|
|Change in Index|
The following table lists the FTSE 100 companies after the changes on 23 March 2020. listings, as Royal Dutch Shell has both A and B class shares listed. Schroders Non Voting shares were also listed until 1 June 2012 when the FTSE's stricter rules came into force.The index consists of 100 companies, but there are 101
|Company||Ticker||FTSE Industry Classification Benchmark sector|
|Admiral Group||ADM||Nonlife Insurance|
|Anglo American plc||AAL||Mining|
|Ashtead Group||AHT||Support Services|
|Associated British Foods||ABF||Food Producers|
|AstraZeneca||AZN||Pharmaceuticals & Biotechnology|
|Auto Trader Group||AUTO||Media|
|Aveva||AVV||Software & Computer Services|
|BAE Systems||BA||Aerospace & Defence|
|Barratt Developments||BDEV||Household Goods & Home Construction|
|Berkeley Group Holdings||BKG||Household Goods & Home Construction|
|BP||BP||Oil & Gas Producers|
|British American Tobacco||BATS||Tobacco|
|British Land||BLND||Real Estate Investment Trusts|
|BT Group||BT.A||Fixed Line Telecommunications|
|Carnival Corporation & plc||CCL||Travel & Leisure|
|Centrica||CNA||Gas, Water & Multi-utilities|
|Compass Group||CPG||Support Services|
|CRH plc||CRH||Construction & Materials|
|DCC plc||DCC||Support Services|
|EasyJet||EZJ||Travel & Leisure|
|Evraz||EVR||Industrial Metals & Mining|
|Ferguson plc||FERG||Support Services|
|Flutter Entertainment||FLTR||Travel & Leisure|
|GlaxoSmithKline||GSK||Pharmaceuticals & Biotechnology|
|Halma||HLMA||Electronic & Electrical Equipment|
|Hargreaves Lansdown||HL||Financial Services|
|Hikma Pharmaceuticals||HIK||Pharmaceuticals & Biotechnology|
|InterContinental Hotels Group||IHG||Travel & Leisure|
|Intermediate Capital Group||ICP||Investment Services|
|International Airlines Group||IAG||Travel & Leisure|
|JD Sports||JD||General Retailers|
|Just Eat Takeaway||JET||Software and Computer Services|
|Land Securities||LAND||Real Estate Investment Trusts|
|Legal & General||LGEN||Life Insurance|
|Lloyds Banking Group||LLOY||Banks|
|London Stock Exchange Group||LSE||Financial Services|
|Meggitt||MGGT||Aerospace & Defence|
|Melrose Industries||MRO||Automobiles & Parts|
|Mondi||MNDI||Forestry & Paper|
|Morrisons||MRW||Food & Drug Retailers|
|National Grid plc||NG||Gas, Water & Multi-utilities|
|Next plc||NXT||General Retailers|
|Ocado||OCDO||Food & Drug Retailers|
|Persimmon plc||PSN||Household Goods & Home Construction|
|Phoenix Group||PHNX||Life Insurance|
|Polymetal International||POLY||Precious Metals and Mining|
|Prudential plc||PRU||Life Insurance|
|Reckitt Benckiser||RB||Household Goods & Home Construction|
|Rentokil Initial||RTO||Support Services|
|Rolls-Royce Holdings||RR||Aerospace & Defence|
|Royal Bank of Scotland Group||RBS||Banks|
|Royal Dutch Shell||RDSA||Oil & Gas Producers|
|RSA Insurance Group||RSA||Nonlife Insurance|
|Sage Group||SGE||Software & Computer Services|
|Sainsbury's||SBRY||Food & Drug Retailers|
|Scottish Mortgage Investment Trust||SMT||Equity Investment Instruments|
|Segro||SGRO||Real Estate Investment Trusts|
|Severn Trent||SVT||Gas, Water & Multi-utilities|
|Smith & Nephew||SN||Health Care Equipment & Services|
|DS Smith||SMDS||General Industrials|
|Smiths Group||SMIN||General Industrials|
|Smurfit Kappa||SKG||General Industrials|
|Spirax-Sarco Engineering||SPX||Industrial Engineering|
|Standard Life Aberdeen||SLA||Financial Services|
|St. James's Place plc||STJ||Life Insurance|
|Taylor Wimpey||TW||Household Goods & Home Construction|
|Tesco||TSCO||Food & Drug Retailers|
|United Utilities||UU||Gas, Water & Multi-utilities|
|Vodafone Group||VOD||Mobile Telecommunications|
All changes are due to market capitalisation unless stated otherwise.
source: "FTSE: FTSE 100 Constituent Changes" (PDF). (57.9 KB)
The oldest continuous index in the UK is the FT 30, also known as the Financial Times Index or the FT Ordinary Index (FTOI). It was established in 1935 and nowadays is largely obsolete due to its redundancy. It is similar to the Dow Jones Industrial Average, and companies listed are from the industrial and commercial sectors. Financial sector companies and government stocks are excluded.
Of the original constituents, 100: Tate & Lyle, Imperial Tobacco and Rolls-Royce, although Rolls-Royce has not been continuously listed and Imperial Tobacco was a subsidiary of Hanson for a number of years, and is now renamed as Imperial Brands. Only one of the original FT 30 companies are still in that index: Tate & Lyle (membership is not strictly based on market capitalisation, so this does not mean they are necessarily among the top thirty companies in the FTSE 100). The best performer from the original lineup has been Imperial Tobacco.three are currently in the FTSE
Sky Group Limited is a British media and telecommunications conglomerate owned by Comcast and headquartered in London. It has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland, Italy and Spain. Sky is Europe's largest media company and pay-TV broadcaster by revenue, with 23 million subscribers and more than 31,000 employees as of 2019. The company is primarily involved in satellite television, producing and broadcasting. The current CEO is Jeremy Darroch.
Cable & Wireless Worldwide PLC was a British multinational telecommunications services company headquartered in Bracknell, United Kingdom. It was formed in 2010 by the split of Cable & Wireless plc into two companies, the other being Cable & Wireless Communications serving Central America and the Caribbean.
ITV plc is a British media company that holds 13 of the 15 regional television licences that make up the ITV network, the oldest and largest commercial terrestrial television network in the United Kingdom. The network, which is branded ITV by ITV plc, has vied with BBC One for the status of the UK's most watched channel since the 1950s.
Alliance & Leicester plc was a British bank and former building society, formed by the merger in 1985 of the Alliance Building Society and the Leicester Building Society. The business demutualised in 1997, when it was floated on the London Stock Exchange. It was listed in the FTSE 250 Index, and had been listed in the FTSE 100 Index from April 1997 until June 2008.
Racal Electronics plc was a British electronics company, founded in 1950.
Cable & Wireless plc was a British telecommunications company. In the mid-1980s, it became the first company in the UK to offer an alternative telephone service to British Telecom. The company later offered cable TV to its customers, but it sold its cable assets to NTL in 2000. It remained a significant player in the UK telecoms market and in certain overseas markets, especially in the former British colonies of the Caribbean, where it was formerly the monopoly incumbent. It was also the main supplier of communication in the British South Atlantic, including Saint Helena and the Falkland Islands. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.
The Energy Group plc was a British power generator and distributor. After it was demerged from Hanson plc in 1996 it was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but it was acquired by Texas Utilities in 1998.
Engie Energy International, formerly International Power, is a multinational electricity generation company headquartered in Newcastle upon Tyne, and a wholly owned subsidiary of the French company Engie.
Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.
Punch Pubs & Co is a pub and bar operator in the United Kingdom, with around 1,300 leased pubs. It is headquartered in the traditional brewing centre of Burton upon Trent in Staffordshire. It was listed on the London Stock Exchange as a constituent of the FTSE SmallCap Index until its sale in 2016 for £403m to a private equity fund, Patron Capital, acting in concert with Heineken International who acquired 1,900 of Punch's pubs as part of the deal.
Standard Life Aberdeen plc, formerly Standard Life plc, is a United Kingdom-based global investment company with headquarters in Edinburgh. In March 2017, Standard Life reached an agreement to merge with the investment company Aberdeen Asset Management. Standard Life was renamed Standard Life Aberdeen on 14 August 2017. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Babcock International is a multinational corporation headquartered in the United Kingdom. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
Eastern Electricity plc was an electricity supply and distribution utility serving eastern England, including East Anglia and part of Greater London. It was renamed Eastern Group under which name it was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Hanson plc in 1995.
Resolution plc was a UK insurance company headquartered in the City of London. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by the Pearl Group in May 2008.
Sema Group plc was an Anglo-French IT services company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by Schlumberger in 2001.
London Stock Exchange Group plc is a British-based stock exchange and financial information company. It is headquartered in London, United Kingdom. It owns the London Stock Exchange, as well as Borsa Italiana, LSEG Technology, Russell Indexes, FTSE International, and majority stakes in LCH and MTS.
Melrose Industries plc is a London-based company that specialises in buying and improving underperforming businesses. Its shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
Friends Life Group Limited was a Guernsey-incorporated investment vehicle which has the stated intent of forcing consolidation in the British life insurance industry. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by Aviva on 13 April 2015.
Virgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom. It was formed as CYBG plc by National Australia Bank (NAB) in February 2016, in advance of the divestment of its UK business through a stock market flotation. It is listed on the London Stock Exchange and Australian Securities Exchange; it is also a constituent of the FTSE 250 Index.
GVC Holdings PLC (LSE:GVC) is a British sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.