Fresnillo and Essar Energy hit by FTSE free-float requirements

Companies wanting to be included in the FTSE UK Index Series will have to have to raise their minimum free float requirement from 15% to 25%, FTSE Group has said.

Companies wanting to be included in the FTSE UK Index Series will have to have to raise their minimum free float requirement from 15% to 25%, FTSE Group has said.

After consulting with "market participants from all sectors of the investment community", the index and analytical solutions provider has decided to up the percentage target of shares held by the public in London-listed companies from 1 January next year for all new businesses wishing to join.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.