Skip to the content

Hargreaves Lansdown drops out of FTSE 100 for the first time since 2011

30 November 2023

Intermediate Capital Group will take its place in the UK’s large-cap index.

By Jean-Baptiste Andrieux,

Reporter, Trustnet

Financial services platform Hargreaves Lansdown is being relegated from the FTSE 100 and will join the FTSE 250, index provider FTSE Russell has announced.

This is the first time Hargreaves Lansdown has been demoted the UK’s blue-chip index since its promotion in 2011.

Private equity investment firm Intermediate Capital Group is moving in the opposite direction after its year-on-year revenue grew 135.3% in September 2023 and shares have risen 38% year on year.

Performance of shares over 1yr

Source: FE Analytics

FTSE Russell also announced changes in the FTSE 250 with the promotion of investment company Asia Dragon Trust. Its total assets have grown to £736.4m after the absorption of its stablemate abrdn New Dawn earlier this year.

Other additions to the FTSE 250 include AO World, Hochschild Mining, PPHE Hotel Group, Trustpilot Group and Tullow Oil.

Conversely, Liontrust Asset Management will leave the mid-cap index, after reporting a statutory loss before tax of £10.1m in its last six-months results.

Its chief executive John Ions explained that Liontrust has been financially impacted by recent acquisitions and net outflows out of its funds as most of its assets are invested in UK equities, an asset class out of favour with investors.

Performance of shares over 1yr

Source: FE Analytics

Further deletions from the FTSE 250 include 888 Holdings, CAB Payments Holdings, Ceres Power Holdings, CLS Holdings and Digital 9 Infrastructure.

All changes will be implemented at the close of business on Friday 15 December 2023 and take effect from the start of trading on Monday 18 December 2023.

Editor's Picks


Videos from BNY Mellon Investment Management


Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.