[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Thursday, 9 June, 2005, 08:21 GMT 09:21 UK
Corus dropped from FTSE 100 index
Corus worker
Corus' share price has fallen recently
Steelmaker Corus has lost its place in the FTSE 100 following the latest reshuffle of the index.

Packaging specialist Bunzl was also relegated from the UK's top share index following the FTSE committee's latest meeting.

The two companies have been replaced by plasterboard maker BPB and property company Hammerson.

The latest changes will come into effect after the close of trade on Friday 17 June.

Inclusion in the FTSE 100 is seen as a mark of prestige and, more often than not, raises a company's profile among investors.

Corus' share price has been hit in recent months by worries over prospects for metals demand. By the close of trade on Tuesday - the point at which firms were assessed for the latest reshuffle - it was ranked 113th among the FTSE list of the largest listed companies.

Bunzl's demotion had been expected after the firm shrank in size following the spin off of its Filtrona cigarette filter division.




SEE ALSO:
International Power back in FTSE
10 Mar 05 |  Business
Sweet FTSE return for Tate & Lyle
07 Dec 04 |  Business
Capita set for return to FTSE 100
08 Jun 04 |  Business
Enterprise Inns wins FTSE place
10 Mar 04 |  Business
Rolls-Royce makes FTSE 100 return
11 Jun 03 |  Business
Canary Wharf exits FTSE 100
10 Apr 03 |  Business


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific