Real-estate Firm Replaces Cybersecurity Company

  • British Land to replace Darktrace in FTSE 100 Index next week
  • Darktrace’s $5.31 billion takeover by Thoma Bravo completes
  • Real-estate company replaces cybersecurity firm in the index
  • British Land shares up 12% year to date
  • Darktrace shares up 57.6% year to date

British Land Co. is set to replace Darktrace in the FTSE 100 index next week as the cybersecurity company’s $5.31 billion takeover by U.S. private equity group Thoma Bravo completes, according to FTSE Russell. Darktrace, which rejoined the top flight in June, is expected to leave the index on Tuesday and be replaced by the real-estate company. British Land had fallen from the index in June 2023 after a near 22-year stint. Its shares are up 1.0 pence, or 0.2%, at 446.40 pence and are 12% higher over the year to date. Darktrace shares are up 3.80 pence, or 0.7%, at 557.60 pence and are up 57.6% over the year to date. The FTSE 100 is a share index of the 100 most highly-capitalized companies listed on the London Stock Exchange. Any company that falls to 111th and below is automatically ejected from the top-flight index, while any firm that rises to 90 or above is automatically promoted.

Factuality Level: 8
Factuality Justification: The article provides accurate information about British Land Co.’s replacement of Darktrace in the FTSE 100 index and includes relevant details such as share prices and performance over the year to date.
Noise Level: 2
Noise Justification: The article provides relevant information about a company’s change in the FTSE 100 index due to a takeover and their respective stock performance, but it lacks any analysis or exploration of broader trends or consequences.
Public Companies: British Land Co. (BLND), Darktrace (DARK)
Private Companies: Thoma Bravo
Key People: Ian Walker (Author)

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Financial Relevance: Yes
Financial Markets Impacted: FTSE 100 index and individual company shares of British Land Co. and Darktrace
Financial Rating Justification: The article discusses the changes in the FTSE 100 index due to a takeover, affecting the positioning of British Land Co. and Darktrace, which impacts their share prices.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
Deal Size: The deal size is $5310000000.
Move Size: 0.2%
Sector: Technology
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com