Moonpig PLC, William Hill owner 888 Holdings PLC (LSE:888) and video camera accessory maker Videndum PLC (LSE:VID) are all heading for relegation in the FTSE reshuffle that will be decided today.
Although Mike Ashley's Frasers Group PLC (LSE:FRAS) and student halls developer Unite Group PLC (LSE:UTG) were on the precipice, there are not likely to be any companies dropping out of the FTSE 100 in this quarterly index rejig.
But three changes are likely in the FTSE 250, with recruiter SThree PLC (LSE:STEM) top of the list of candidates, followed by sausage skin maker Devro PLC (LSE:DVO) and Ithaca Energy, based on latest market cap data and indicative changes announced by FTSE Russell.
The FTSE quarterly review is based on closing prices and market capitalisations today and will be announced tomorrow, 1 March, with the changes taking effect before the start of business on Monday 20 March.
Vivendum, which changed its name from Vitec last year and is tapping into the market for video and social media content creators, would be leaving the mid-cap index just six months after its promotion, with the shares topping £14 in the past two years but having fallen below £10 recently after reporting falling profits today and warning that it will be relying on a stronger second half to deliver its full-year guidance.
It has been hit by retail destocking and purchase deferral by independent content creators and expects this trend to continue in the first half of 2023.