DLG set for FTSE 100
Provider may be promoted early next month.
Direct Line Group (DLG) is set to enter the FTSE 100, according to a report in the Telegraph.
Drink can maker Rexam and housebuilder Barratt Developments are at risk of losing their places in the index.
DLG, which owns NIG, is the most likely candidate for promotion from their current ranking in the FTSE 250 when the FTSE Group carries out its quarterly index reshuffle in September.
According to the Telegraph, gaining entry to the FTSE 100 could boost DLG’s shares as tracker funds will buy the
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