Metlen Expected to Join FTSE 100

Metlen Energy & Metals is expected to join the FTSE 100 index, according to estimates by JP Morgan. The company is projected to take 67th place in the capitalization ranking.

Metlen's upgrade, which was introduced to the London Stock Exchange in August, is considered an indication of its rapid rise in the energy and metals market.

The Burberry group is also expected to join the same index, upgraded from the FTSE 250. In contrast, Taylor Wimpey is moving to the FTSE 250.