LONDON (Reuters) - Outsourcing firm Serco (>> Serco Group plc) and Kazakh miner ENRC (>> Eurasian Natural Resources Corporation) will both leave Britain's top share index, FTSE confirmed on Wednesday, after share price slumps during a year beset with difficulties.
LONDON (Reuters) - Outsourcing firm Serco (>> Serco Group plc) and Kazakh miner ENRC (>> Eurasian Natural Resources Corporation) will both leave Britain's top share index, FTSE confirmed on Wednesday, after share price slumps during a year beset with difficulties.
Serco has dropped 8.5 percent since the end of June after the UK government asked the police to investigate alleged fraudulent behaviour by Serco staff working on the outsourcer's contracts.
Kazkh miner Eurasian Natural Resources Company is down 22.2 percent year to date, and leaves the index just as its founders finalise plans to take it private after six years in London, marred by corruption probes.
Energy services firm John Wood Group (>> John Wood Group PLC) is also relegated to the FTSE 250 mid-cap index <.FTMC>, while Greek coke bottler Coca Cola Hellenic (>> Coca Cola HBC AG), which switched primary listings from Athens in April, will join the FTSE 100 <.FTSE>, along with two other debutants, retailer Sports Direct (>> Sports Direct International Plc) and packaging firm Mondi (>> Mondi Plc).
Greencore Group plc is an Ireland-based manufacturer of convenience foods. The Companyâs segments include Convenience Foods UK and Ireland. The Company supplies a range of chilled, frozen and ambient foods to some of the retail and food service customers in the United Kingdom. It UK convenience food categories, including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles and frozen Yorkshire Puddings, as well as an Irish ingredient trading business. It supplies all of the supermarkets in the United Kingdom. It also supplies convenience and travel retail outlets, discounters, coffee shops, foodservice and other retailers. It manufactures approximately 795m sandwiches and other food to go products, 127m chilled prepared meals, 249m bottles of cooking sauces, pickles and condiments and 47m of chilled soups and sauces. It has over 16 manufacturing and 18 distribution centers in the United Kingdom.