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FTSE 100 Index(Redirected from Financial Times Stock Exchange)
The Financial Times Stock Exchange Index of 100 Leading Shares, or FTSE 100 Index (pronounced footsie), is a share index of the 100 largest companies listed on the London Stock Exchange. The index is seen as a barometer of success of the British economy and is the leading share index in Europe. It is maintained by the FTSE Group , which originated as a joint venture between the Financial Times and the London Stock Exchange. According to the FTSE Group's website the FTSE 100 companies represent about 80% of the UK share market. Related indices are the FTSE 250 Index (which lists the next largest 250 companies), the FTSE 350 Index (which combines the FTSE 100 and 250), and the FT All Share Index (which quotes all listed companies). The constituents of the index are determined quarterly; the largest companies in the FTSE 250 Index are promoted if their market capitalisations would place them in the top 90 firms of the FTSE 100 Index. As of 2004, the threshold for inclusion is about 2 billion pounds. The largest 5 constituents of the index are BP, HSBC Holdings, the Vodafone Group, the Royal Bank of Scotland Group and GlaxoSmithKline (but note that the Royal Dutch/Shell group would be in the top 5 if the whole of it was listed on the LSE, rather than just the 40% represented by Shell Transport and Trading). Most of the companies listed on this index usually include the abbreviation plc at the end of their name, indicating their status of public limited company. List of FTSE 100 Index Companies(updated 11 April 2005)
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