This is why the Bradford-based Morrisons supermarket chain could be promoted again in the FTSE 100 index. Yorkshire News

FTSE Russell, the arbiter of who stays on the UK’s largest stock index and who retires, will announce the latest shakeup on Wednesday.

The decision will be based on the value of each company at the end of Tuesday.

As it stands now, analysts believe Morrisons and Meggitt should move up the index. They will move on to ITV and Weir Group, which are expected to fall into the FTSE 250.

“Love Island may be back, but it seems likely that the ITV broadcaster will be removed from the 100 after a brief affair, despite increased euro ad spend,” said Nicholas Hyett, equity analyst at Hargreaves Lansdown. .

ITV was relegated from 100 in September last year, promoted again in June, and an 11% drop in its share price will likely see it downgraded again to 250 in September.

“Engineer Weir Group has also suffered an 11% drop in the last three months and the decline would also represent a short stay in the leading index, after being promoted in March,” said Richard Hunter, head of markets at Interactive Investor.

But, unusually, normal contenders to the relegation will be joined by Just Eat Takeaway.com, as the food delivery company is still undecided about where it wants to be located.

FTSE Russell said it will review the position of Just Eat Takeaway.com.

When London-listed Just Eat merged with Amsterdam-listed Takeaway.com, the plan was to delist from the Dutch stock market.

However, in July, the company said it is still reviewing how it wants to be listed and warned that FTSE Russell could withdraw it from consideration.

This will mean that Dechra Pharmaceuticals appears ready to join the FTSE 100 instead, Hunter said.

Dechra could prove to be a resident of the top league for longer than his other two promoted teammates.

Morrisons has a bidding war to be grateful for for their promotion. Two private equity groups have been fighting to take over the supermarket chain, causing its shares to skyrocket.

This means that your tenure on the FTSE 100 is likely to be short-lived, as once a deal is completed Morrisons will become a private company and will be delisted from the FTSE.

The same goes for Meggitt, who faces similar approaches from two different suitors.