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Last Updated: Thursday, 8 June 2006, 08:50 GMT 09:50 UK
More mining firms join FTSE 100
The headquarters of the London Stock Exchange
Mining firms have been some of the best performers on the LSE
Two mining firms are to join the FTSE 100 index after seeing their shares boosted by rising metals prices.

Vedanta Resources and Lonmin will join the FTSE 100 after its latest quarterly reshuffle, taking the number of mining firms in the index to eight.

Power station operator Drax has also been promoted after its were lifted by higher energy prices.

Ladbrokes, Cable & Wireless and Daily Mail & General Trust will all drop into the FTSE 250.

Ladbroke's relegation follows its split from the Hilton hotels group, while DMGT has suffered from falling advertising revenues in both its national and regional newspapers.

Cable & Wireless narrowly missed the drop in the last review in March - which was the first in 10 years to see no changes made to the FTSE 100.

Two new firms will enter the FTSE 250 index, department store group Debenhams - which returned to the stock market last month - and defence firm Qinetiq - which floated in February.

In addition, Wolfson Microelectronics, Britvic and PayPoint will all be promoted into the FTSE 250 from the FTSE Small Cap index.

The changes will come into effect following the close of trade on Friday 16 June.


SEE ALSO:
FTSE stays the same after review
08 Mar 06 |  Business
Kazakh firm joins FTSE favourites
19 Dec 05 |  Business
Persimmon set for FTSE 100 index
06 Dec 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


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