Abrdn has fallen out of the FTSE 100 index as its dwindling share price left it languishing as the UK's 118th biggest listed firm.
Howden Joinery and Hikma Pharmaceuticals were also set for demotion from the club of Britain’s 100 biggest listed companies, according to The Times, while F&C Investment Trust and Convatec, the colostomy bags company, were heading for promotion.
Frasers, the retailing group led by Mike Ashley that owns Sports Direct and House of Fraser, is reported to have just missed out on promotion.
Under the methodology used by the indices group FTSE Russell, all listed companies at 90th or higher in ranking by market value at the trigger point, which was last night, automatically join and those at 111th or lower are automatically expelled.
But there is a balancing arrangement that can make the verdict on others harder to call. FTSE Russell is due to confirm the changes after the market closes today.
Abrdn, which changed its name last year from Standard Life Aberdeen, has been a member of the FTSE since the demutualisation and flotation of Standard Life in 2006.
Aberdeen Asset Management, which was merged with Standard Life in 2017, was also a FTSE 100 member from 2012 to 2016.