Ashmore, the fund management group which specialises in emerging markets, has unveiled a dip in full year profits, which is unlikely to help it maintain its place in the FTSE 100.
The latest quarterly changes in the leading index are announced on Wednesday but based on tonight's closing prices. At the moment Ashmore is in danger of being demoted to the mid-cap index, as is interdealer broker Icap.
News that Ashmore's pretax profits had slipped from £245.9m to £243.2m has only served to provoke another slip in its share price, down 1.9p to 337.8p.
Icap meanwhile is 3.5p lower at 339.9p.
Interestingly both of this quarter's potential departures from the FTSE 100 are financial groups, and could be replaced by industrial groups. In line for promotion are energy services business Wood Group - albeit it is currently down 14.5p at 834p - and engineer Melrose, up 0.8p to 251.9p.
