Wood Group, the Aberdeen-based energy services firm, has been promoted to the FTSE 100 in the latest reshuffle of the top-flight index.

The move is expected to see increased demand for the group’s shares, as a range of tracker funds automatically have to take a position in FTSE 100 constituents.

Wood Group was previously admitted to the Footsie in March 2011 but dropped down into the FTSE 250 last September. It is joined in the blue-chip index by Melrose, the London-based industrial turnaround specialist.

They have taken the places of Ashmore, the fund manager, and interdealer broker Icap, which have been demoted to the FTSE 250.

Related Posts

AECC Make Finalist List in Two Categories at the 2013 Meeting Industry Marketing... Aberdeen Exhibition and Conference Centre (AECC) is delighted to have been named as a finalist at the Meeting Industry Marketing Awards in both the ‘B...
SUT to explore future of underwater technology at 50th anniversary conference The Society for Underwater Technology (SUT) will celebrate its 50th anniversary next year with a technical conference which will explore the future of...
Hebridean Cetic Festival worth £20m to Islands over 20 years Music fans from home and abroad have helped an island music festival generate £20 million over the last two decades. The award-winning Hebridean Ce...
Raggnar Power appoints new directors as it strengthens for growth Raggnar Power, the renewable energy provider, has strengthened its management team with two senior level appointments. Lee Bolt joins as Engineerin...
Gateway continues to open doors for new tenants Demand for Grade A office accommodation in Aberdeen has been demonstrated by the latest significant pre-let agreement in the city.   Ensco, th...
Calling All Startup Businesses In Scotland To Enter Awards The tenth annual Startups Awards have launched and are now open for businesses across Scotland to submit their entries. Sponsored by Simply Busines...