Friends Ivory & Sime has been admitted to the FTSE 250 and FTSE All Share indices, following increasing trading volumes in FIS shares and growth in market capitalisation.
To be eligible for inclusion in the FTSE 250, companies have to rise to 325th or above, by market volume. As at March 6, FIS was ranked 278th largest public company in the UK.
FIS chief executive Howard Carter says: “Admission to the indices will increase the profile of Friends Ivory & Sime. We intend to develop further our position in the mainstream retail investment market.”