[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Tuesday, 6 December 2005, 20:08 GMT
Persimmon set for FTSE 100 index
Home being built
Persimmon is buying rival Westbury
Housebuilder Persimmon and Kazakhstan miner Kazakhmys are set to join the UK's FTSE 100 share index later this month, following the latest reshuffle.

Bookmaker William Hill and Whitbread are likely be relegated from the main index. The changes are scheduled for the end of trading on 16 December.

The FTSE 100 is reviewed four times a year to ensure it represents the 100 largest UK listed companies.

Copper mining specialist Kazakhmys listed in London only in October.

It is the world's 10th largest copper miner.

Persimmon, the UK's biggest homebuilder, is in the process of buying rival Westbury for 643m.

Outside of the quarterly reshuffle, ports and ferry firm P&O is also rejoining the FTSE 100 in place of plasterboard company BPB which is being deleted after its takeover by French firm Saint-Gobain.

Last week P&O accepted a 3.3bn ($5.7bn) takeover offer from the United Arab Emirates firm Dubai Ports World.

If the takeover goes ahead, P&O will then leave the FTSE indexes.


SEE ALSO:
UK housebuilders announce tie-up
24 Nov 05 |  Business
Partygaming joins Footsie index
07 Sep 05 |  Business
Corus dropped from FTSE 100 index
09 Jun 05 |  Business
International Power back in FTSE
10 Mar 05 |  Business
Sweet FTSE return for Tate & Lyle
07 Dec 04 |  Business
Cairn Energy joins FTSE 100 index
08 Sep 04 |  Business


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


PRODUCTS AND SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific