Sage clings on to main board

Link: Sage secure in FTSE-100

Last week the accounting software giant, which learned its fate after the review of the index carried out by the FTSE independent advisory committee yesterday, reported a profit growth of 11% and turnover increase of 14% for the year to 30 September 2002.

Corus Group, Brambles Industries and Cable & Wireless are the companies to lose their places in the index. They are replaced by Liberty International, British Airways and Whitbread.

Among the new additions to the FTSE 250 index are, Wembley, Informa Group and Autonomy. Deletions from the FTSE 250 index include MyTravel Group, Fitness First, Amey and Cordiant Communications.

Changes to the FTSE UK Index Series announced today will be applied to the indices at the close of business on Friday 20th December 2002.

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