Royal Exchange building, London, England. Stock image.
Gold miner Endeavour Mining Plc rode a rally in the price of the precious metal to earn a place in the UK blue-chip index, replacing Smurfit Kappa Group Plc as the packaging company leaves the index following a merger with US rival WestRock Co.
Endeavour makes a quick return to the FTSE 100 index, having been replaced in the benchmark by airline EasyJet Plc at March’s index rebalancing. The miner’s shares have risen about 40% from a February low as spot gold hit new-record highs.
