Indicative results of the next quarterly index reshuffle released last night by FTSE Russell show that Intermediate Capital Group (LSE:ICP) is expected to join the FTSE 100 index.
Investment platform Hargreaves Lansdown PLC (LSE:HL.) is currently set to be demoted, ending a 12-year reign in London's blue-chip index.
Private-equity fund manager Intermediate Capital's return would follow a year on the sidelines of the Footsie index.
It has enjoyed a strong 2023 with shares climbing 32%, taking its market value to £4.48 billion, helped by increasing net asset value and profit in its latest half-year results, released last Wednesday.
HL, meanwhile, has come under pressure as banks and other investment providers compete for investor deposits and regulators vow to ensure savers receive "fair" rates of interest.
Mid-cap moves
There are also changes likely to the composition of the FTSE 250, with bicycles and car accessories retailer and repair specialist Halfords PLC on track to rejoin.
Returns are also expected for oil producer Tullow Oil PLC (LSE:TLW), gold and silver miner Hochschild Mining PLC (LSE:HOC) and the Asia Dragon investment trust, all of which have had experience of being in the mid-cap index, with Tullow also a former FTSE 100 constituent.
Those set to be demoted from the FTSE 250 include property firm CLS Holdings Plc (LSE:CLI), Liontrust Asset Management (LSE:LIO), William Hill-owner 888 Holdings PLC (LSE:888) and CAB Payments Holdings PLC (LSE:CABP), which has suffered a dramatic fall from grace after its recent listing.
The final changes will be calculated using closing prices next Tuesday, November 28, and confirmed in an announcement the following day.
All the reshuffle moves will then take place following the close on Friday 15 December so the shares will trade as part of the indexes on Monday 18 December.