Breedon promoted to FTSE 250

Leicestershire-based construction materials group Breedon has joined the FTSE 250 just months after it moved to the main market.

The group made the switch in May after more than 10 years on AIM, to enhance the company’s corporate profile and recognition, as well as extending the opportunity to invest in the group to index tracker funds and a broader group of international institutional shareholders.

Breedon’s share price closed at 349.34p last night (Wednesday) – up by just over 3% on the day. It values the firm at £1.18bn.

It is one of 10 firms promoted to the FTSE 250, the others being: 888 Holdings, Abrdn, CAB Payment Holdings, Ceres Power, Foresight Group, Hiscox, Johnson Matthew, Moonpig and Persimmon.

Click here to sign up to receive our new South West business news...