Morgan Sindall will be relegated from the FTSE 250 later this month in the quarterly reshuffle of the UK’s largest stock exchange listed firms.
The UK’s fourth largest contractor will be relegated on 21 December from the mid-tier index to the FTSE Small Cap index.
Morgan Sindall’s share price was 524.5 pence this morning giving the firm a market value of £226.3 million. But just four months ago on 9 September the company’s share price was 33 per cent higher at 699.5 pence.
Meanwhile in the only change to the FTSE 100 index of the top 100 companies by market capitalisation, temporary power firm Aggreko will replace Rentokil Initial.
The changes take effect following a quarterly review of valuations by the index compiler FTSE.