Celebration Time for Slough Estates As It Joins the Footsie Club ; Market Report

Summary


THE popping of champagne corks could be heard at the offices of Slough Estates today as its shares nudged towards their record high with a rise of 11p to 654p.

The property developer and investment company will tomorrow join the elite club of blue-chip companies that makes up the FTSE 100 index. Slough gains entry because of the vacancy left by the completion of a Pounds 7 billion merger between chemists chain Boots and drugs distributor Alliance UniChem.

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Celebration Time for Slough Estates As It Joins the Footsie Club ; Market Report

At last night's close, it was the biggest company, in terms of market capitalisation, on the reserve list created following last month's regular quarterly review of the Footsie's...

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