Wednesday 21 February 2018

DCC succeeds in FTSE 250 listing after quitting Irish exchange

Peter Flanagan

Peter Flanagan

IRISH conglomerate DCC is set to join the FTSE 250 of the biggest public firms on the London market.

 

The fuel to electronics firm delisted from the Dublin market in February as it sought a full listing in London.

The firm will also be added to the FTSE all-share and FTSE 350 from the close of business on June 21, and will begin trading on the following Monday, June 24.

DCC will also change its reporting currency from euro to sterling to reflect the fact that most of its earnings are now made in the UK.

The move comes as part of the quarterly review of the membership of the FTSE indices by the London Stock Exchange.

Countrywide, Crest Nicholson Holdings, Esure Group, Evraz and Polymetal International were promoted alongside DCC.

Among the companies they are replacing are builders Travis Perkins and Persimmon.

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