ICG returns to top flight index, replacing Hargreaves Lansdown
- Intermediate Capital Group to rejoin FTSE 100 index after one-year absence
- Replacing Hargreaves Lansdown in quarterly reshuffle
- ICG’s share price has risen 37% year-to-date
- Hargreaves Lansdown shares down over 17% year-to-date
Intermediate Capital Group is set to rejoin the FTSE 100 index after a one-year absence, replacing Hargreaves Lansdown as part of the regular quarterly reshuffle. ICG’s share price has risen 37% year-to-date, while Hargreaves Lansdown shares are down over 17% for the year. The changes will be announced after the market closes on Nov. 29.
Factuality Level: 8
Factuality Justification: The article provides factual information about Intermediate Capital Group rejoining the FTSE 100 index and replacing Hargreaves Lansdown. It includes relevant details such as the share price performance of both companies and the criteria for inclusion in the index. There are no digressions or unnecessary background information. However, the article lacks additional context or analysis.
Noise Level: 3
Noise Justification: The article provides straightforward information about the reshuffle in the FTSE 100 index, including the replacement of Intermediate Capital Group with Hargreaves Lansdown. It also mentions the share price performance of both companies. However, there is no analysis, evidence, or actionable insights provided in the article. It stays on topic and does not dive into unrelated territories. Overall, the article is relatively low in noise but lacks depth and substance.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial markets as it discusses the reshuffle of the FTSE 100 index and the impact on the companies involved, Intermediate Capital Group and Hargreaves Lansdown.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not mention any extreme events or their impact.
Public Companies: Intermediate Capital Group (ICP), Hargreaves Lansdown (HL)
Key People:
Reported publicly:
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