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Royal Mail Leaves the FTSE 100 in Quarterly Shake-up 30 August 2017 ShareSave The FTSE 100 closed greater on Wednesday, but Royal Mail is set to leave the ranks of the blue chip index. The blue chip index finished up 27.83 points at 7,365.26. In FTSE Russell's quarterly evaluation of its constituents, Royal Mail will be relegated to the FTSE 250 along with distressed doorstep loan provider Provident Financial. The postal service has actually been a FTSE 100 business given that quickly after being privatised in 2013. On Wednesday, Royal Mail's shares closed at 390.5 p, giving the postal service a market capitalisation of ₤ 4bn. A company's location in the FTSE 100 or FTSE 250 is determined by its market capitalisation at the close of trading on the day of the evaluation. If a group has a value that puts it at 90th location or above, it will join the FTSE 100. If it is up to the 111th position or listed below, it will be demoted to the FTSE 250. Nicholas Hyett, equity expert at Hargreaves Lansdown, stated: "Royal Mail has actually lost its battle to keep a place in the FTSE 100. We're not exactly sure that's something you can lay at chief executive Moya Green's door though, as the group continues to deal with tough market conditions. "Letter volumes have permeated away much faster than the group had actually anticipated, partially as an outcome direct marketing drying up as company self-confidence slumped after the EU referendum, while prices remains tough in parcels." Shares in Provident Financial, which recently issued an earnings caution and parted ways with its primary executive Peter Crook, finished 1.68% lower at 891.27 p to value the company at ₤ 3.1 bn. It will likewise come down to the FTSE 250. On the other hand, NMC Health, the Abu Dhabi-based healthcare facility operator, will go up from the FTSE 250 into the FTSE 100 along with housebuilder Berkeley Group.