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Insider UK
Insider UK
Business
Peter A Walker

Weir and abrdn set to rejoin FTSE 100

Abrdn Weir Harbour Energy Hargreaves Lansdown London

The Weir Group and abrdn could be set for promotion back into the stock market big leagues.

A report from investment platform Hargreaves Lansdown stated that while it has been a volatile year for Edinburgh-based investment company abrdn, with shares dragged down by financial market volatility earlier in the year, in recent weeks a rising appetite for risk has sent its share price sharply upwards.

Outflows from its funds had caused nervousness among investors and it was ejected from the FTSE 100 at the last review.

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