Investec falls out of FTSE 100 in reshuffle

Banking and asset management giant Investec has exited the FTSE 100 as part of the latest re-shuffle of the UK's leading share index.

FTSE Group ("FTSE") said in its latest quarterly review Investec, along with miner Lonmin and Inmarsat - the mobile satellite company - will all be falling into the FTSE 250 later this month. Replacing them in the FTSE 100 will be international building materials group, CRH, steel and mining company, Evraz, and precious metals producer, Polymetal International. Investec, which boasts a range of top performing funds including Alasdair Mundy's £2bn Cautious Managed fund, has seen its share price fall around 30% from 506p a year ago, to 358.5p. This compares with a fall of just 4% in ...