Unilever will not be included in the FTSE 100 index if it moves to a single headquarters in the Netherlands, “Finantial Times” reports.
This is bad, apparently. Saudi Aramco will not seek inclusion in the FTSE 100 index if it chooses to list shares in London. This is good, apparently. That is how index patriotism seems to work. If a foreign state-owned company can be kept at arms length from the Footsie, so much the better. But if a historic British name could disappear from the index, as engineer GKN did this year, some in the media want to scramble the Spitfires.