Weir and abrdn set to rejoin FTSE 100

Weir and abrdn set to rejoin FTSE 100

Weir Group and abrdn are set to rejoin the FTSE 100 this week after their share prices have recovered since their respective relegations from the index.

Abrdn dropped out of the FTSE 100 earlier this year after its share price fell to under 150p, but it has since recovered and is now trading at above 200p per share.

Similarly Weir Group was relegated last year and is now a contender to rejoin the index. Companies which are expected to drop out include North Sea oil producer Harbour Energy and Dechra Pharmaceuticals.

The changes will be confirmed and announced tomorrow by management group FTSE Russell based on the closing prices.

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