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Recent IPO businesses set to join the FTSE 350

NEWLY-LISTED companies are set to make an impact on the highest stock market indices, as the quarterly reshuffle of constituents is due to take place.

Six companies, including Pets at Home, Poundland and Just Eat, are set to join the FTSE 250. Annuity provider Partnership Insurance is expected to drop from the FTSE 250 into the Small-Cap index

Current FTSE 100 constituents William Hill and Melrose Industries are expected to drop out of the list and be replaced with 3i and Intu Properties, reports City AM.

The FTSE EMEA Committee is expected to confirm its decision today.

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