EasyJet and Carnival to bid FTSE 100 adieu due to COVID-19
Share:
LONDON (Reuters) - EasyJet and cruise operator Carnival are set to lose their seat at the top table of British blue chips after the COVID-19 crisis knocked the value of their shares to below the threshold of London's prestigious FTSE 100 index.Hard-hit by travel bans, the low-cost airline lost as much as two thirds of its market value during the peak of the pandemic crisis and despite a vigorous bounce-back, its market capitalisation was only ranked 125th based on Monday's stock market close..