Easyjet PLC (LON:EZJ) and Just Eat PLC (LON:JE.) will rejoin the FTSE 100 later this month after the latest index changes were confirmed.
The budget airline, which was expected to climb back into the blue chip list, and online food delivery platform will replace Hiscox Ltd (LON:HSX) and Fresnillo Plc (LON:FRES).
Joining the insurer and precious metals miner down on the mid-cap index, were three promoted companies, led by telecoms infrastructure owner Helios Towers PLC (LON:HTWS) just weeks after it floated.
FTSE Russell also confirmed in its December 2019 quarterly review that Magners cider brewer C&C Group PLC (LON:CCR) and income investor LXi REIT (LON:LXI) were also joining the FTSE 250.
Present for Xmas
All the changes will be effective from Monday 23 December under index operator FTSE Russell’s market cap-based approach.
Dropping out of the FTSE 250 into the small caps will be Card Factory PLC (LON:CARD) after a 56% decline over the past four years took it just below the cut-off point, which is currently just below £550mln.
Also relegated from the mid-caps were two investment companies, the NB Global Floating Rate Income Fund (LON:GBP), even though its shares have risen this year, and Riverstone Energy Ltd (LON:RSE), which is down 66% over the past 12 months.
Survivors, for now
Surviving the drop this time, but sweating in the danger zone for the first-quarter review in 2020, include such Footsie names as Centrica PLC (LON:CNA) at £4.5bn and currently the 100th biggest company on the market and Kingfisher plc (LON:KGF) at £4.3bn.
A little higher but quite within the realms of possibility if share price moves don't go their way, are Hikma Pharmaceuticals Plc (LON:HIK) at £4.6bn, both J Sainsbury PLC (LON:SBRY) and Wm Morrison Supermarkets PLC (LON:MRW) at £4.7bn, not far off Meggitt PLC (LON:MGGT) and Pearson PLC (LON:PSON), which are both below the £5bn mark.