SEVERAL embattled British firms were yesterday relegated from the FTSE 100 of listed companies as part of its quarterly review.

Screwfix owner Kingfisher, troubled firm NMC Health and holiday company Tui will be moved to the FTSE 250 index of companies as part of yesterday's reshuffle.

In their place, miner Fresnillo, Intermediate Capital Group and Pennon Group will join the FTSE 100.

Listed firms in the FTSE 100 must be in the 110 largest companies on the London Stock Exchange's Main Market to stay, while a company can be elevated from the 250 index if it rises to the top 90 companies.

Eight firms joined the 250 yesterday.

(c) 2020 City A.M., source Newspaper