What’s going on here?
The UK’s FTSE 100 has just reshuffled the deck and is moving Games Workshop – maker of the popular tabletop fantasy game Warhammer – into its arsenal.
What does this mean?
The FTSE 100 showcases the UK’s top 100 publicly traded companies and is a good gauge of the country’s corporate success and economic health. There’s a change-up every quarter, where high performers get promoted and underperformers get the boot. This time, the firms making the grade are Warhammer-maker Games Workshop, and financial firms Alliance Witan and St. James’s Place. The firms making their exit, meanwhile, are homebuilder Vistry, and retailers B&M and Frasers.
Why should I care?
For markets: Some will win and some will lose.
When stocks join the FTSE 100, index tracking funds are forced to buy them. That boosts demand and, in turn, share prices. So savvy investors try to predict these moves and profit from the uptick. Of…
