FTSE 100 Index Historical Components & Changes

The table below lists the historical constituents of FTSE 100 index for the past eight years. FTSE 100 includes 100 companies but has 101 components. Royal Dutch Shell has two different classes of shares listed that are both part of the index. There used to be 102 constituents but Schroders’ non-voting stock class was removed in 2012. If a company was part of the index during the last trading day of a year, it is marked as X.

For full details of the component changes, check the historical datasets provided by Siblis Research.

FTSE 100 Historical Components (Dec 31st)

Purchase a dataset that lists full details of all the changes to the index since 1986/2000, including a summary sheet that lets you easily check the components by each year/date. Full refund guaranteed if not fully satisfied with the data for any reason.

Download a sample file of the component changes from here.

FTSE 100 Constituent Changes

Changes to FTSE 100 index constituents during 2014

During 2014, the index components were changed eight times: June 23rd: Intu Properties replaced Melrose Industries, 3I Group replaced Melrose Industries. September 22nd: Dixons Carphone plc replaced Rexam, Direct Line Insurance Group replaced Barratt Developments plc. November 5th: St. James’s Place plc replaced Tate & Lyle, Barratt Developments plc replaced Amec. December 22nd: Taylor Wimpey plc replaced Petrofac, Barratt Developments plc replaced IMI.

Changes to the index constituents during 2013 and 2012

In 2013, the components were shuffled 10 times: May 1st: William Hill replaced Xstrata. June 12th: Travis Perkins plc replaced Polymetal, Persimmon plc replaced Evraz. September 11th: Mondi plc replaced Serco Group, Sports Direct Int’l plc replaced Eurasian Natural Res., Coca-Cola HBC AG replaced John Wood Group. November 6th: London Stock Exchange replaced Kaz Minerals, EasyJet replaced Intu Properties plc. December 11th: Ashtead Group replaced Vedanta Resources, Royal Mail plc replaced Croda International.

In 2012, there were eight changes to the index: June 1st: Schroders Non-Voting stock class was removed. June 6th: Babcock Intl Group plc replaced Man Group. June 29th: British Energy Group replaced International Power. September 12th: John Wood Group replaced Ashmore Group. Melrose Industries replaced ICAP. November 7th: Aberdeen Asset Management replaced Essar Energy, Croda International replaced Cairn Energy. December 12th: TUI Group replaced British Energy Group.

The Financial Times Stock Exchange 100 Index

FTSE 100 index was created on January 1984. The index weight are calculated based on the free-float market capitalizations of the constituents. The constituents of the FTSE are reviewed and updated four times a year. Even though the index follows companies listed in London, FTSE 100 is not a very good indicator for the UK economy as a whole because many of the companies with the largest weights generate most of their revenues somewhere else than from UK. On 31st July 2015, the total market capitalization of FTSE 100 companies was 1,709,781 million GDP.

The Index is managed by FTSE Group that is part of the London Stock Exchange Group. Other major indexes related to London Stock Exchange are FTSE All-Share Index that includes companies that cover at least 98% of market value of all UK companies and FTSE 250 Index that includes the 250 most valuable companies after the components of FTSE 100.

Does the addition to FTSE 100 index impact the stock price of a company?

Many studies have found evidence of unusual returns related to additions and deletions from the index. Dr. Bryan Mase Brunel University states that there exists significant short-term cumulative abnormal returns around the event when a company is added to FTSE 100. The analysis of long-run performance yields three-year buy-and-hold abnormal returns (measured from 21 days after the event date) of 20.93% following a stock’s addition to the index and –19.31% following a deletion of a company. Marcelo Fernandes from Queen Mary University of London and Joao Mergulhao from Getulio Vargas Foundation, Sao Paulo, have developed a trading strategy that relies on the addition/deletion probability estimates. During their follow-up period, the strategy generated an average daily excess return of 11 basis points over the FTSE 100 index.

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