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FTSE4Good launches ethical indices

FTSE4Good announced the criteria for acceptance to its new ethical indices this week, with BP and Glaxo-SmithKline heading the UK index.

The entry rules presently exclude tobacco, gambling, nuclear power and arms manufacture companies.

FTSE4Good says the criteria for admission to the indices will evolve with time and hopes to have all sectors represented in the index in the future. Around two thirds of FTSE100 companies made it into the new indices, with Tesco and Royal bank of Scotland notable absentees.

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