By Ian Walker
LONDON--Speciality chemicals company Hikma Pharmaceuticals PLC
(HIK.LN) is expected to be promoted to the FTSE100 index for the
first time since it floated in 2005 replacing oil company Tullow
Oil PLC (TLW.LN), in the latest quarterly reshuffle, based on
indicative data from FTSE International Monday.
Hikma was founded in Amman, Jordan in 1978 by its current
chairman, Mr. Samih Darwazah. It has over 825 products in its
portfolio, across all regions and markets. Tullow, an independent
oil and gas exploration and production group, has been a member of
the top-flight index since September 2007.
The changes will be based on Tuesday's closing share prices and
take effect from close of business March 20.
The FTSE100 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 index,
while any firm that rises to 90 or above is automatically
promoted.
-Write to Ian Walker at ian.walker@wsj.com