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FTSE 100 faces big reshuffle as pandemic takes its toll

The FTSE 100 is set for its biggest shake-up in more than four years after the impact of coronavirus wiped out revenues for companies in travel and aviation but boosted others in emergency services and technology. EasyJet and Carnival, the cruise ship operator, are expected to fall into the FTSE 250, according to share prices on Friday that have more than halved since the onset of the pandemic. Dropping out of the FTSE 100 is significant for companies given the access to tracker or exchange traded funds that only follow the index of the UK’s top companies.
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