NMC Health Cut From FTSE 100 Index After Muddy Waters Criticism - Bloomberg:
NMC Health Plc is getting booted from the U.K.’s benchmark FTSE 100 Index in another setback for the troubled hospital operator, which has been in freefall since short seller Muddy Waters Capital LLC accused it of financial improprieties in December.
NMC will be relegated to the mid-cap FTSE 250 Index when trading resumes, according to a statement from London Stock Exchange Group Plc, which owns equity index provider FTSE Russell. NMC shares slumped 64% in a little more than two months after Muddy Waters’ report, and then were suspended from trading last week. The two other companies to be relegated are travel company TUI AG and home-improvement retailer Kingfisher Plc.
Fresnillo Plc, Intermediate Capital Group Plc and Pennon Group Plc will be promoted to the FTSE 100 Index from the FTSE 250 Index, according to the results published Wednesday. The index changes will take effect March 23.
NMC Health Plc is getting booted from the U.K.’s benchmark FTSE 100 Index in another setback for the troubled hospital operator, which has been in freefall since short seller Muddy Waters Capital LLC accused it of financial improprieties in December.
NMC will be relegated to the mid-cap FTSE 250 Index when trading resumes, according to a statement from London Stock Exchange Group Plc, which owns equity index provider FTSE Russell. NMC shares slumped 64% in a little more than two months after Muddy Waters’ report, and then were suspended from trading last week. The two other companies to be relegated are travel company TUI AG and home-improvement retailer Kingfisher Plc.
Fresnillo Plc, Intermediate Capital Group Plc and Pennon Group Plc will be promoted to the FTSE 100 Index from the FTSE 250 Index, according to the results published Wednesday. The index changes will take effect March 23.
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