some more good news -- Fortescue, Equinox winners in S&P reshuffle
7th March 2008, 11:30 WST
WA companies have come up trumps in Standard & Poor’s latest market indices reshuffle, after some major names were dropped.
The market indices, including the often-quoted S&P/ASX 200, recognise the biggest companies by market capitalisation trading on the Australian Securities Exchange.
Andrew Forrest’s iron ore heavyweight Fortescue Metals Group will join the S&P/ASX Top 50 index, along with builder Leighton Holdings and engineering services provider WorleyParsons.
They will replace Toll Holdings spin-off Asciano, gaming machine maker Aristocrat Leisure and the troubled Centro Properties Group.
Fortescue and Lihir Gold will also join the S&P/ASX All Australian 50.
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