FTSE 100 Loses Tech Star as Just Eat Takeaway Gets the Boot
- Company reclassified as Dutch by index provider after merger
- Benchmark’s technology weighting to slip further after ouster
A food delivery courier for Just Eat Takeaway.com in London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
One of Britain’s biggest online platforms is getting ousted from the U.K.’s benchmark index in a blow to the country’s effort to nurture a stable of world-class technology companies.
Just Eat Takeaway.com NV will leave the FTSE 100 on Sept. 20, along with Weir Group Plc, index provider FTSE Russell said Wednesday in its quarterly review of changes to the benchmark. Meggitt Plc and Wm Morrison Supermarkets Plc will take their places.