How the FTSE reshuffle works

Royal Mail has been demoted from the FTSE 100 in the latest quarterly review. John Stepek explains how the decision is made.

City of London © UrbanImages / Alamy Stock Photo
The UK is being rubbished by the herd and looks a bargain © Alamy
(Image credit: City of London © UrbanImages / Alamy Stock Photo)

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Royal Mail: out of the FTSE 100
(Image credit: 2018 Getty Images)

Royal Mail has been demoted from the FTSE 100 in the latest quarterly review. How is the decision made?

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.