Raspberry Pi (LSE:RPI) is on course to become the latest constituent of the FTSE 250 index as the latest reshuffle in London draws closer.
Ahead of confirmation over the latest quarterly reshuffle, based on Tuesday’s closing prices, the software firm looks set to replace Puretech Health PLC.
This follows Puretech’s drop to a £381.13 million market cap after share price declines this year, as Raspberry has gained to reach a valuation of £775.36 million.
Indicative changes last week had flagged Raspberry Pi (LSE:RPI)’s promotion, with little movement in the shares on Monday making the rise ever more likely.
Moving down into the FTSE 250 is likely to be Burberry Group PLC (LSE:BRBY), with a rise in easyJet PLC shares in recent days set to see the airline ward off its own expected drop, according to Liberum analysts.
This leaves Tritax Big Box REIT PLC (LSE:BBOX) and Hiscox Ltd (LSE:HSX) “neck and neck” for Burberry’s FTSE 100 spot, with gains from each on Monday leaving little in it heading into Tuesday’s final day of trading before changes are firmed up.